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
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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

Apr 7, 2020 · 4:10 PM UTC

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Replying to @marwilliamson
It was never the Democratic Party. At best, it could be argued that perhaps they questioned it, but if you read George Orwell's Animal Farm, the Pigs who rightly challenged the tyranny of the farmer, ended up being far worse than the farmer ever was. The Democrats are the pigs.
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Replying to @marwilliamson
So much is wrong, it's hard to see how it can ever be set right.
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Replying to @marwilliamson
And what is that fundamental premise?
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Replying to @marwilliamson
The Democratic Party? Isn't it part of the system or am I totally confused
Replying to @marwilliamson
Our politicians haven’t felt pressure to help the public. It’s time to change that. When the coronavirus is contained it’s time for a new #MarchOnWashington for healthcare for all. Force resignations of those who downplayed the virus. Bring the problem to their doorstep
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Replying to @marwilliamson
But it’s unclear what it is you’re trying to save. Capitalism before Regan was still unequal. The supposedly well-regulated capitalists of before are those who got us where we are now. There’s no harmonious state of capitalism which won’t try to expand itself by buying politics
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Replying to @marwilliamson
The Holy Ghost has the power to apply great force and that is all I need to succeed. It was written. I am Israēl Ēl, the force of Iaō Sabaōth, the great power of Barbaraōth.
Replying to @marwilliamson
And the fundamental false premise of the present system is the pretense that you can have a free market in things that nobody is free to produce. The oldest and biggest example is LAND.
Replying to @marwilliamson
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.
Replying to @marwilliamson
Smith actually doesn't write about capitalism, but the role of markets to recreate a state of nature in which everyone has everything, like they did prior to civilization. This sort of cycle is common in radical Enlightenment texts.
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There are many progressives who have been pushed out. Alan Grayson and Dennis Kucinich are examples.
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