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CWO3 Us Marine
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Edited 7 y ago
I first read Prager here and they have some good stuff. I do think many place high expectations on capitalism to lay out the framework for their life. We could do a lot better though and I attribute much of it to demands for higher returns. There are many other factors but it all starts with jobs, or lack of. It's hard to face the shareholders with lower ROI because you opted to pay $30/hr for a union employee instead of $3/hr offshore. Easier said than done. Patriotism only goes so far when it comes to corporate stewardship. We could improve it by cutting regulations, improving trade and tariffs, and restructuring taxes. Government has forced jobs away for these reasons and more.
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MSgt Danny Hope
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Yep, Some won't even read it if they don't like the source.
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SSG Program Control Manager
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The source is a fake University that pushes right wing propaganda. That said, the countries with the lowest levels of poverty have good blends of socialism and capitalism. Capitalism is just as important as Socialism, when it comes to helping people achieve their full potential... the trick is finding the optimal balance between the two.
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CWO3 Us Marine
CWO3 (Join to see)
7 y
If you read or listen to their segments with blinders on you can still ferret out some useful information. It's very hard to find any organization these days that doesn't push some sort of an agenda. It can stem from their mission statement, funding or leadership. I'm hard pressed to find any media source, think tank, PAC or other organization that is totally 100% unbiased. Some are more subtle but it is still there. I think they use the term University as a form of marketing, that it is a knowledge-based group distinct from media or political party. They structure their segments as mini-courses on the particular subject(s). I agree that the optimum is the best features of both isms. Too much or little of one or the other brings excesses. The excesses of social programs have made us prisoner to servicing them financially. The excesses of capitalism have brought tremendous income inequality. The sweet spot is in the middle but many uninformed hear socialism and freak out, yet we have a great deal of it already in our society. Too much in fact, same as capitalism. Seems that's what you are saying and I agree.
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SSG Program Control Manager
SSG (Join to see)
7 y
CWO3 (Join to see) - Unfortunately the cost to service safety nets increases over time, especially if there aren't also ladders in place to ensure people can find meaningful employment they are capable of performing. I don't necessarily see us as having to much or too little socialism, just not the right kind of socialism or capitalism.
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MAJ Contracting Officer
MAJ (Join to see)
7 y
Not at all, the countries with the lowest levels of real poverty have high economic freedom indexes. Socialism is by its nature and proven track record a system that stifles economic growth and prohibits class migration (moving from poor to middle class or upper class)
When in doubt look at the actual results capitalism (true capitalism not crony capitalism) has a high economic freedom index, socialist states have a low EFI the lower the index the poorer the country, and due to historical changes in EFI it's very clear the relationship is causal.
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SSG Program Control Manager
SSG (Join to see)
7 y
A great example of how certain socialist policies can actually improve economic opportunity is the health care system in the US vs. the health care system in Canada. The Canadian system is much more Socialist... however it also makes life a lot easier for Canadian business as opposed to the more free market system that exists in this country. Socialist states are often some of the most successful Capitalist states as well... Denmark springs to mind.
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