3 Reasons Why Good So************************m Defeats Bad Capitalism

[VanishingPoi]

There are three reasons why good so************************m (which the President is proving he is unable to deliver) defeats bad capitalism (which Republicans are perfectly offering).

Capitalism is not a political system, but an economic one. Jude stated, “The distinction is extremely important, for it frees supporters of capitalism from having to defend it as a caring or compassionate institution, which it is not. It is coldly mechanical.” The problem is ‘free-market’ advocates think capitalism is a political system and through rationalizations and justifications for the single-variable profit pursuit deny one of Jude’s best insights, “What must any system accomplish? At the core, it must provide a method by which its smallest constituent unit, a household, can save the surplus of its day’s work for the day when it cannot work.” When millions of Americans could not work the Right had nothing to offer that would speak to this reality- in economic contraction, the daily output of Americans is not sufficient to provide for illness, accident or natural disaster. There must be a system of either risk-pooling and income distribution, the question though is whether it is paid for by taxation or bond finance. President Obama realized this but his solution is proving to look like something other than he promised and potentially at a greater cost to freedom than the electorate bargained for.

http://www.forbes.com/sites/cedricmu...ad-capitalism/