Capitalism, like Democracy, is the worst system except for all the others. A capitalist system will never be perfect but consistently moving away from the market will almost always bring worse results.
Capitalism, yes. Democracy, I'm not so sure about.
But you're right, Capitalism is far from perfect. It's just the best of the range of options. Critics can always pick away at its problems, and they will always find something to pick at. They think that because they can pick at problems in capitalism, it's a bad system. That's the fallacy. It's not perfect because there IS no perfect system. But it's the best of the available imperfect systems.
The only role I think government has in the capitalist system is making sure it remains viable capitalism. Which means, IMO, that monopolies should be penalized. Not forbidden. My answer is much simpler -- a progressive corporate income tax on revenues. For example, just making up some numbers for an example, first 100,000 of revenues, no tax. Next million, taxed at 10%. Next million, taxed at 15%. Next million, taxed at 20%. Next million, 25%. Next five milling, 30%. Next 5 million, 40%. Next 10 million, 45%. Next 50 million, 50%. Next 100 million, 55%, next 100 million, 60%, everything above that, 67%.
This would enable small companies to compete vigorously with large companies. It would encourage small companies, which encourages competition. And no need for the whole mechanism of antitrust law. If Microsoft wants to be the size they are and pay 67% taxes on all their additional revenues, let them. The market will soon cut them down to size. |
