Skeeter,
>you might not like what happens in a capitalistic society, but it happens. every time.<
It's possible that some % of the people will always hate capitalism and some % of capitalists will always be corrupt enough to help put them in power to take advantage of the rest of us.
I certainly do not expect huge changes in my lifetime, but I do think the 20th century was somewhat unique.
We had a very flawed banking system to begin with. That was a primary reason for the depression. At the same time, socialism and government activism was still considered a viable alternative philosophy. Once the seeds of socialism were planted, the weeds grew wildly over the next few decades. Even massive flaws in economic systems take decades to reveal themselves.
Things are a little different now. The heavily socialized economies under communism proved their inferiority and eventually collapsed. We are now probably only a few decades away from the mixed economies of the west starting to run into very serious economic and currency problems as all the government promises of the prior decades start coming due. (it's taking a lot longer in the west because we were only 20%-50% stupid)
IMO, at some point in the future, government and fiat money will become totally discredited.
The reasons for the eventual failures have been elaborated on by people much smarter and literate than I am. But I have read their works.
We will never get rid of corruption. I'd just rather cope with private corruption using private resources than private corruption using corrupt government, adding another layer to the corruption, and having to pay taxes for it too.
The real and only issue is taking care of the people that weren't blessed with the skills, intelligence, mental/emotional health etc... to make it in a capitalist society. How to best do that without planting more weeds will be the key question after the western governments start defaulting and breaking their socialist promises. |
