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
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Right now, with the coronavirus, you would have healthcare denied to people because they’re not “legal?” The virus obviously does not care. So you would prefer that people be out and about spreading the virus, but you would call that common sense?
Apr 7, 2020 · 4:38 PM UTC
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