Friday, February 19, 2021

Capitalism must be reigned in (#4402)

      The idea that the markets can solve our problems is a republican illusion so that they wealthy can keep taking all the money and resources. The market is not the answer to our problems, democracy is. Capitalism under democracy can survive quite well but it must be made to fit within the higher ideal of fairness and justice. We have social programs that lean into creating a more humane capitalism but we have not gone far enough yet. As long as we have insane levels of income inequality the solution is still far off for an equitable capitalistic system. I want capitalism to succeed but not at the expense of our democracy.
     Where merit and talent can be justified then a reward is due. Yet we have too many who have neither merit nor talent who are greedily absconding with a majority of us to have an economic opportunity. Our whole economic system from the stock markets to banking are inclined to be useful to the wealthy but not toward the massive working middle poor class. Enough! We have an opportunity going forward with the Biden administration to make substantial change to our way of doing business and all the insight from the brightest among us will be needed to prove the need to do so! The problems we have now with poverty and a lack of basic essentials is all the proof we need of an uneven system. So changing that system to a more inclusive one will by itself start to end poverty and lack of necessary fundamentals.
     Our nation cannot keep going on this path of the markets being treated above and beyond democratic values. One will have to give and since capitalism is a subset of democracy, we should by all rights redesign how we do commerce in a way that brings all Americans into a partnership with a successful economic future. The wealthy among us will fight like hell to keep their privileges and advantages but they must not be allowed to win. The ending of meritless and talentless wealth must be allowed to flourish so that those who really are worthy of great things have a chance to prove it. We have had enough of mediocre and criminal characters as examples of what to become.

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