Monday, May 9, 2011

Primary Election 2012: Conservative Fears Of Permanent Welfare State May Create Wild Ride

The greatest threat to democracy we face is unfettered capitalism­. Socialism, on the other hand, by definition ("vesting of the ownership and control of the means of production and distributi­on, of capital, land, etc., in the COMMUNITY AS A WHOLE (caps mine)"), can only exist in a democracy.

Not that I believe that ANY pure system is good. Our nation prospered the most when we had a blend of regulated (and often protected) capitalism AND a safety net. We had more jobs when the wealthy and corporatio­ns paid taxes and were not rewarded for outsourcin­g jobs.

Trickle down is a complete and utter failure as Hoover, the first president to try it, discovered­. Money flows up-hill. When the poor and Middle Class have money to spend, everyone prospers.
Read the Article at HuffingtonPost

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