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Strategies & Market Trends : Classic TA Workplace
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To: Win-Lose-Draw who wrote (126598)12/1/2005 12:31:23 PM
From: skinowski  Read Replies (1) of 209892
 
the idea that most people should be able to afford their own home runs counter to some of the most basic assumptions of capitalism

This statement makes no sense to me, WLD. Old fashioned Marxists used to argue that under capitalism most people are exploited and poor. That is most certainly not true. Capitalism was able to create more wealth and make it more accessible to more people than any Socialist scheme ever did.

If anything IS a "basic assumption" of Capitalism, that is a right to private property - and the related right to due process (which implies limited powers of the Government and protection of the rights of an individual)

Creation of wealth - and wealth of opportunities - are the essence of Capitalism. During Bear markets, both, naturally - temporarily - decline.
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