Even Adam Smith, main architect of free market capitalism, said it couldn’t exist outside an ethical context. He never foresaw capitalism untied to any govt regulation. Capitalism will reclaim an ethical & moral center or a younger generation of Americans will replace it entirely

Apr 7, 2020 · 4:03 PM UTC

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FDR said “I’m not destroying capitalism. I’m saving it.” You can’t sustain a free market when it becomes unfree for the majority of people. You can’t be a capitalist when you have no access to capital! Too many Americans are locked out of the party; it’s immoral & unsustainable.
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Our problem among other things is that there’s no force with major political leverage willing to question the fundamental premise on which the system operates. That used to be the Democratic Party and hopefully it will be again. Right now it’s only lone voices; that’s not enough
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Replying to @marwilliamson
I am currently re-reading your Healing the Soul of America, s-l-o-w-l-y this time. Because I *really* want to get the core principles you say you espouse. This is one of them. That in a healthy society heart (the yin) works and in hand with industry (the material, yang).
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Replying to @marwilliamson
Smith's Theory of Moral Sentiments outlines this excellently. He even says those who seek wealth above all else miss out on something vital in life.
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Replying to @marwilliamson
Now that is a threat I can live with!
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Replying to @marwilliamson
The root problem with capitalism is that not everyone has capital!
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Replying to @marwilliamson
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Replying to @marwilliamson @NuitElsker
Hmm... I suppose it's possible to save capitalism. But they are going to have to act fast, I went from a dem soc to a full on socialist in a matter of a few weeks during this primary. How long until I'm a communist or an anarchist? How long until M4A & a GND is no longer enough?
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Replying to @marwilliamson
"All for ourselves and nothing for others, has, in every age of the world, been the vile maxim of the masters of mankind." Adam Smith. Smith is grossly abused and misunderstood by a lot of people.
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Replying to @marwilliamson
Imma go with "or"
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Replying to @marwilliamson
It never had an ethical center. There is no decade in American history you can point to and call "ethical"
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Replying to @marwilliamson
Are there any countries, currently or in history, where you believe capitalism has displayed "an ethical and moral center?"
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