28 March 2008

A New Kind of Capitalism for the US

Lets hope so ! The current model, largely in place for over two decades, has been a complete and unmitigated disaster for most Americans unless they were among the top ten percent of the wealthiest and best paid in the nation. A movement in the US towards more of a socialistic capitalism, as practiced in most nations in Europe, particularly Scandinavia, would be a tremendous improvement. Greater income equality, economic justice, entrepreneurship, competition, and opportunity would be just some of the positives that would arise as a result of a shift of this kind. And savings and investment would be at the foundation of this kind of economy rather than debt and obscene displays of wealth. In addition, many social problems that are inundating society would see a decline and reduction in numbers and scope.

http://www.independent.co.uk/news/business/comment/outside-view-the-end-of-capitalism-as-we-know-it-799494.html

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