YES! – We need to have an egalitarian economy, not one with winners & losers.
72%
NO! – We just need proper regulations restricting predatory capital.
28%
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Thom's Blog Is On the Move
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Hello All
Thom's blog in this space and moving to a new home.
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If well regulated, capitalism can work. But as economist Richard Wolff has said, corporate big business will just resume their campaign to turn back regulation again as they always do. That being true, the regulation needs to be in stone!
Since we probably won't have regulation in stone, we need some other economic system.
You are spot on, Donald! Richard Wolff http://www.rdwolff.com/ is a great resource for understanding our Economic Crisis! I've watched a lot of his YouTube videos, Especially his lecture on "Capitalism Hits The Fan" http://www.youtube.com/watch?v=n30zO0ABFqc&feature=related
There's the "if only" again! If only capitalism were we'll regulated, then it would work. Well, IT WAS well regulated for decades and look where it gotten us. Accelerating unfettered destruction of the planet's resources and atmosphere. Violations of human rights so numerous even in our own country that we may never undo them while fear-mongering lamestream media instills suspicion and hatred at an unprecedented pace. Concentrated Animal Farming Operations (CAFO's) abusing livestock, spewing out toxic waste and superbugs faster than we can comprehend, let alone combat, all in the name of "cheap food" to fuel our mindless gluttony and make more obscene profits for the greedy.
We are long overdue for an egalitarian system that focuses wise and sustainable use of resources while intelligently curbing population growth through the best quality education for all.
On our planet we have rejected out-of-hand any system which does not allow for the advancement of one being at the expense of another.
If a system of government or economics requires an attempt at equitable distribution,to all,of the benefits created by all with the resources belonging to all ,we have said that that system of government violates the natural order.Yet in highly evolved cultures,the natural order is equitable sharing.
Beingness is the only way the world can work ,who we are being in relation to each other and the speciesystem ,lets find a way to balance the needs of the speciesystem rather than serve the interests of the rich and powerful because no species within the system can survive if the system itself is destroyed.
Is this not obvious? remember the common good is life.
namaste
A distribution of wealth and income that resembles a standard normal distribution - where everybody is freely moving throughout the distribution over time - would be more ideal than the mess we have now.