Rick Lowe
The title of this post is a quote from the October 21, 2011 issue of The Week magazine and it's credited to Andrew Sullivan who writes for the TheDailyBeast.com.
How he can fix his mouth to say that capitalism is unchecked by government is astounding when there are over 17,000 pages of tax law alone. Much less all the other laws and regulations which is said to total some 76,000 pages.
Neither the Democrats or the Republicans pass the smell test on this one and the sooner they admit to Washington's culpability in the whole mess the better. Turning it into a tax the rich campaign is just foolhardy.
In the same article, David Brooks of the New York Times is reported to have said that even if the US government taxes away 50% of the income of those that earn $1 to $50 million, the national debt will only be reduced by 1%.
Yet, the Democrats are pushing even more crony capitalism to fix the problem that it created in the first place. Go figure?
To suggest that capitalism is unchecked by government laws and regulations is just bunkum.
Once again the distinct difference between greed and corruption needs to be reconciled.. Greed in its purest form is a characteristic of human nature and existence..We all have the basic instinct of greed whether it is institutional or individual in substance.. Corruption on the other hand is when the human instinct of greed undertakes deliberate dishonesty for personal gain.. We must ask ourselves is a greed person always corrupt, I think not.. But then is a corrupt individual always greedy, I think that maybe the case..
That being the case, the issue is really a moral question and has little to do with specific economic systems.. Not all capitalists, socialists or even communists are corrupt in their behavior and dealings with others.. To make a broad generalization that “social evils (are) wrought by capitalism” is outright foolishness.. Capitalism is an economic system where the price for goods and services are determined by the demand and the supply for those specific goods and services..
If this fundamental economic principle is evil then mankind itself must be evil, and mankind’s basic nature must fall into question.. As for me, I shall not go there to question what hath God created.. Yet to say a basic economic system like capitalism is fundamentally evil is totally without merit and is rather naive at best.. This is nothing more than elementary Marxist thinking and should be discredited for what it is..