This is not a pretty picture. As Adam Smith himself noted, capitalism requires Supply, Demand -- and, REGULATION in order to be sustainable and healthy. The simpletons who demand free markets a the cost of societys wellbeing are dumbing it down. America needs more of Western Europe and less of Mallwarts -- er, Walmart. Thanks, Howard Carmichael! ______________________. This: beyond the market forces that capitalism relies on to enforce fair play [and] isnt subject to the market forces because its creating them.. Precisely so. Adam Smith described perfectly well what must happen in a pure capitalist economy, that the rage for capital would consume everything, including in the end itself. Malwarts hasnt reached that in the end phase yet, although we can easily see that the consumption of resources has effectively destroyed everything around the machine, and that the machine is beginning to visibly demand more resources than local environments can supply (by damaging its employee pool, through removing or refusing livable wages or necessary benefits, which it expects to be covered by external supplies). We usually hear -- from the free market screamers -- that supply and demand will solve every problem, that we must leave those alone or risk all manner of failure and plague. Smiths definition of the needs of a working economy recognized THREE elements, supply and demand and REGULATION. Unfortunately weve allowed our economics to be fragmented politically into tiny enclaves that cannot be easily regulated at once, or at all -- any attempt to impose rules on everything is met by insane resistance (from the very profitable supply side of things), and trying to construct rules at the local level is met by threats to that local entity (well move or well run our own candidates in the next election and pass our own law). The supply leg now is overpowering the other two legs of the stool. This is not only the case with Malwarts. In a larger way, the supply segment has now coalesced into organizations such as ALEC, which are forcing their way to dominance, working mostly in secret to subvert any resistance to profit. Its not a pretty picture.
Posted on: Mon, 27 Oct 2014 17:13:02 +0000
Trending Topics
Recently Viewed Topics
© 2015