Ayn Rand Forecasts Economic Disaster from Collectivism & Socialism
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Not being argumentative, but I"m beginning to think there is no "RIGHT" or "LEFT", but merely degrees of "Delusional".
the reason this country doesn't have a flat tax (which with exemptions makes it a progressive tax) is because peolpe don't want to give up their mortgage tax deduction.
as gg barnum once said you can never go wrong under estimating the stupidity of the american public.
bush sold out the american capitalist system with bailouts. obama wants to be the next juan peron.
americans in desperate economic times will be foolish enough to fall for the promises of a peronist wannabe.
In my view I think Mr Brook makes a very clear point that the problem with capitalism is about Government intervention itself.
The 30 min presentation, time well spent IMO.
Certainly the case in America. The Democrats are worse, of course... but only to the extent that they should be shot FIRST!
The capitalist system did not die in 2008, since it did not exist at that point in time to die. There has never been a purely capitalist system, although the USA from its founding until about 1913 came the closest, but it still was not a purely capitalist society. The obvious diversion from pure capitalism came in the way of slavery, which goes against the very axiomatic principles of capitalism. That said, it was closer than any other system. The British over that period were very close as well. However, from 1913, and onward, the USA has moved more and more towards socialism. Over most of modern history, the USA has been a mixed economy, with capitalist aspects and socialist ones. And it is also different in different sectors of the economy. The technology sector is very much more capitalist than say the banking, medical or educational industries, which are very much more socialist.
I will agree that in 2008, the USA economy took another major step towards socialism, but even before 2008, it was at best a 50/50 affair, and perhaps more like 40/60 capitalism/socialism. Now, it's probably 30%/70% capitalism/socialism and moving full tilt towards the latter.
Soon it may all be over and the USA may be mostly socialist. You'll know, i won't need to tell you. Once you're either in a gulag type system or concentration system, or piss poor while being deathly afraid of the government, then you'll know that you're living in almost a purely socialist society, lol...it would be funny if it wasn't so tragic.