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.
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.