If capitalism has failed for sooo long to solve the problem we have, economic, what can we do?
But we do not live under capitilism in the USA. Capitalism is about free trade. Our government INHIBITS trade. It stands in the middle of me and other people wanting to trade and sets up all sorts of rules and regulations to interfere with free trade. Of course they force me and you to pay them to interfere with our potential desire to engage in free trade with one another. And they force us to pay penalties if we engage in free trade (there are all sorts of laws restricting trade and penalizing free trade i.e. not abiding by the restrictions).
There can not be true capitalism in a land controlled by a territorial monopoly (our government). The government sets up all sorts of artificial barriers to entry to engaging in free trade (get license x to do y, pay fee to government to get license, pay fee to government to maintain license, pay fees to government to create rules and regulations that dictate specific behaviors one (or company) must abide by, pay fees to have all sorts of regulators in inspecters poking their noses around to try and find flaws in the way one operates to see if they can catch you not following one of the myriad of rules and regulations. Pay fees/fines if you forget to dot and I or cross a T.
In fact, …“The word capitalism was coined by none other than Karl Marx, who hoped that it would help in his crusade to denigrate the system of private property and free enterprise and promote socialism.” Surprizing, huh?
Here is a link to an overview of a book that addresses true capitalism vs. what most of us beleive is actually capitalism. The book was written by a professor at Loyota University in MD, which just so happens to be a Jesuit College my nephew will be starting his freshman year at in a couple of weeks.
Title of the book: How Capitalism Saved America: the Untold History Of Our Country, from the Pilgrims to the Present by Thomas J. DiLorenzo
mises.org/daily/1887
There are a lot of info that could serve to educate people who get their notions of what capitalism is from tainted sources. Here’s a snip it from the link…DiLorenzo (the author) indicts large corporations, not because they are large or because they are corporations, but because “many corporations support interventionist or anticapitalist policies like trade protectionism or corporate welfare because they hope to benefit from the policies at everyone else’s expense.”
I just stumbled upon the link, but I might just purchase that book and send it to MD along with my Nephew to get it signed by the professor who wrote it.