sc94597 on 10 December 2013
| freedquaker said: The question is, "Is pure capitalism really possible?"... Current experiences disagree. Kuznets famous inverse U shape inequality patterns are not observed and inequality in US (one of the last bastions of pure capitalism) has been increasing tremendously; especially the wealth inequality (Gini > 80%). This is basically unsustainable. So there you have it. Capitalism in its pure form is incompatible with democracy, just like socialism was an unnatural unsustainable regime. However, democracy with "domesticated" social capitalistic policies seem to be not only very much possible but also lucrative and sustainable. |
Would you really consistute the U.S as "one of the last bastions of pure capitalism?" The U.S economy is very coporate-oriented and in many areas centralized (fiscally, for example.) If anything I'd say it's a prime example of the corporatism that took root in the 1930's. If there is any place that is the "bastion of pure capitalism" it's Hong Kong, and even then it's not laissez-faire.
Hell, the U.S is 10th on the Economic Freedom Index.
http://www.heritage.org/index/ranking
