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
Capitalism is fine for the grocery store and shopping mall. Terrible for health care, education, and public safety.
Replying to @marwilliamson
I'm not sure it's a matter of a generational divide, though this does play into it because younger people are usually more idealistic. Many people over the years have sought a more just economic system. And many younger people against capitalism will come to embrace it.
Replying to @marwilliamson
A good start would be abolishing the FED, the income tax and the IRS, balancing the budget. Then we can start rebuilding the free market without the heavy burden of big government. Unleash the power of the people!
Replying to @marwilliamson
Bernie Sanders and FDR call out the dangers of concentrated corporate power They stand against us like corrupt monarchs ruling from far away. #WeNeedBernie #Bernie #BernieIsOurFDR
Replying to @marwilliamson
Well stated.
Replying to @marwilliamson
Yes, we see it coming, coming down the tracks that were laid many years ago.
Replying to @marwilliamson
This is the danger of QE/ZIRP/NIRP. It leads to wealth inequality and the kids will turn to #socialism. We need UNIVERSAL BASIC INCOME to save capitalism.
Replying to @marwilliamson
Our sacred Founding Fathers supplied our ethical framework. But this has been rejected by the liberals, Democrats, and progesssives.
Replying to @marwilliamson
It can’t exist when the institutions practicing get too big, either. I wish more people would realize that SIZE MATTERS! All economic and political philosophies are dependent on scale. Add too many people and they all fail. We become faceless statistics. Our humanity is lost.
Replying to @marwilliamson
MW knows her Adam Smith 👍
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