tag:blogger.com,1999:blog-6924698382841322981.post433882551259514203..comments2023-03-24T17:49:55.729-07:00Comments on All In: Assault on CapitalismAll Inhttp://www.blogger.com/profile/17893964916900082190noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6924698382841322981.post-34891809924712287952010-07-10T14:22:07.584-07:002010-07-10T14:22:07.584-07:00Jay, you are so right. I am sick and tired of thi...Jay, you are so right. I am sick and tired of things being blamed on capitalism that are the fault of government control and regulation. <br /><br />As you point out, lots of people hate profits--except for their own.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6924698382841322981.post-16128222013683639382010-06-23T11:46:09.407-07:002010-06-23T11:46:09.407-07:00I think first one needs to define capitalism. Whe...I think first one needs to define capitalism. When I watched the Michael Moore film "Capitalism: A Love Story," I agreed with much of what he said, except that as you point out, our system isn't capitalistic. It is a kind of oligarchy, with government in bed with big money. The left decries big money, the right goes off against big government, and the two "sides" don't realize they're just attacking (and defending) different parts of the same beast.<br /><br />Capitalism to function requires either shared informal rules (likely only possible in small systems), or a functioning legal regulatory system designed to protect people (from fraud, unsafe practices, environmental damage, etc.) I suspect that it functions best when workers are partners with owners, rather than on 'opposite sides.' In a country as large as the US, it's hard not to have the powerful economic actors get the capacity to corrupt the powerful governmental actors. I don't think either left or right have the solution right now. I don't think an answer can come from ideology either...but it would be nice to get a functioning capitalist system rather than the oligarchy we have.Anonymousnoreply@blogger.com