After a particularly disappointing night of election results for Republicans, former Sen. Rick Santorum (R-Pa.) lamented “pure democracies,” where major decisions are left up to voters …
The frustrating part is that hybridizing socialist-style societal safety nets with reasonable, regulated, capitalism-with-guardrails is possible and has been done. It’s just that in most western countries, huge corporations, “too big to fail” banks, and rich people have successfully worked themselves into positions of regulatory capture, which lets them operate with zero consideration for anything besides short-term profitability.
My problem isn’t capitalism, my problem is that capitalism has determined that a democracy is hurting it’s profits.
My problem is definitely capitalism.
Have you heard about Central America? Or any oil rich country? Capitalism is a double edged sword, they’re just swinging it at home now.
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Capitalism would be great if we could run it under constrained conditions that don’t exist outside of a single pub somewhere in Birmingham.
The frustrating part is that hybridizing socialist-style societal safety nets with reasonable, regulated, capitalism-with-guardrails is possible and has been done. It’s just that in most western countries, huge corporations, “too big to fail” banks, and rich people have successfully worked themselves into positions of regulatory capture, which lets them operate with zero consideration for anything besides short-term profitability.