What Obama is doing is in the same realm of what other presidents have done and will do in the future. This isn't "socialism" so much as it is modern democratic practices. There are few societies who have little or no socialist influences. America was built on a mixed economy. To take away that and move toward a pure capitalist economy would be radical, disruptive, and ultimately risky. I don't know why anyone would support the destabilization of one of the most wealthiest economies in the world.
For example, America would likely have seen a collapse of the agricultural industry. Most Americans would be eating South American or Chinese meat and dairy by now. But a true capitalist system would allow for the free flow of these goods, because no pesky FDA would get in the way.
The only reason for moving toward a pure capitalist economy I tend to hear is based mostly on self-interest, a kind of detachment from society. People tend to want healthy and stable societies, but not all of them want to pay for it.
Pure capitalism. It's basically a plutocracy or an oligarchy. I'm sure it would be enjoyable by less than 1% of the population. It probably wouldn't be any of us. It's just a hunch. At least we could have child labour once again. That always made sense to me. Small hands can do such small work. It's incredible.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
Last edited by Baraka_Guru; 09-11-2010 at 06:51 AM..
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