Difference between revisions of "Capitalists are not your friends."
From Critiques Of Libertarianism
| Line 19: | Line 19: | ||
Society (Privatizing profits, socializing costs. pollution) | Society (Privatizing profits, socializing costs. pollution) | ||
| − | Corrupting science, popular beliefs, law, | + | Corrupting science, popular beliefs, law enforcement, legislation, and courts to increase profits. Mortgage fraud, ALEC. |
Similar arguments can be made that government officials are not your friends either. But in theory, government provides countervailing powers for capitalism that can regulate capitalism in our favor. The progressive era (from Teddy Roosevelt until the 80's) showed how well this can work in real life, with the creation of the greatest middle class, the greatest rate of growth, and the | Similar arguments can be made that government officials are not your friends either. But in theory, government provides countervailing powers for capitalism that can regulate capitalism in our favor. The progressive era (from Teddy Roosevelt until the 80's) showed how well this can work in real life, with the creation of the greatest middle class, the greatest rate of growth, and the | ||
greatest economic equality in history. Capitalism is only good for workers and consumers when the capitalists are well regulated by government. Capitalism and capitalists are a necessary evil in the same sense that government is. | greatest economic equality in history. Capitalism is only good for workers and consumers when the capitalists are well regulated by government. Capitalism and capitalists are a necessary evil in the same sense that government is. | ||
