In my previous post, I discussed the fatal flaws at the core of socialism, e.g. the embedded anti-democratic nature of that economic and social system.[1] This post deals with the fatal flaws of American-styled capitalism. Definitions A serviceable definition of capitalism is: An economic system characterized by private or corporate ownership of capital or wealth—products,Read more
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Capitalism is an economic and political system in which private owners, rather than the state, control trade and industry for profit. A highly regulated form of capitalism—as opposed to unfettered capitalism—empowers the economic system of the United States. The current election cycle, especially within the Democratic Party primaries, incorporates a focus on economic inequality andRead more
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