RGacky3
DP Veteran
- Joined
- May 8, 2012
- Messages
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- Political Leaning
- Socialist
Capitalism is not without its faults, and yes there is a need for regulation of it to prevent a variety of social ills.
However, it creates more prosperity, not just for the uber-rich, but also for the ordinary working person, than any other system in history.
The Pilgrims at Jamestown originally attempted to "hold all things in common"... and nearly starved. Then they divided up the cleared land into plots, assigned a plot to each household, and told them what they produced was theirs to do with as they will... and they prospered so well they held a feast and invited the natives, and that was the origin of Thanksgiving.
No nation that has embraced communal ownership of all production, and "from each according to his ability, to each according to his need" has prospered. The USSR was a mess that collapsed financially; China would have gone down the same road if they had not started mixing some capitalism in with their communism.
In the 1st Century, communitarianism was a more just and productive choice than the existing master-slave economy no doubt... but today things are very different.
No, the Pilgrims did not hold all things in common, they we're a subsidiary of the "london corporation," their colony was chartered, it was NOT a cooperative at all.
No nation? The USSR was basically one big corporation, not an actual communal society.
Capitalism has in the past created much prosperity, or allowed it (with the help of social democratic reforms), but now it does more damage than good, and creates more poverty than it eliviates.