Thoughts on regulated capitalism: On socialism I am pragmatic. Some ideas came out of socialism that we accept today such as unions and child labor laws and the 40 hour work week and the weekend. But groups like the Socialist Labor Party or Communism promote ideologies that simply dont work. If Communism really worked or Social control of business really worked I would have no problem with them. But by their very nature, they are unworkable. Marxism is a pejorative term used by conservatives. Its like left wingers calling right wingers Nazis. But capitalism works well with bits and pieces that came out of different philosophies. Unions for instance have worked within capitalism very well. Unions demand whatever the market will bear. When labor and management work together transparently, capitalism is at its best. Its a win, win. Government programs that prevent economic collapse by riding herd on the markets to keep them fair and honest make the marketplace fair. They follow the Law of Moses which prevents wealth from accumulating in fewer and fewer hands and poverty for the many.
Posted on: Sat, 08 Nov 2014 19:02:20 +0000
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