[liberallarry]

I'm not sure I understand your replies. In what way do you feel the author was a little light in his criticism of the right?

You're point about the self-correcting feature of capitalism is well-taken - which is one of the reasons I am a capitalist rather than a socialist.

However dramatic business cycles are part of capitalism and George Soros - among others - argues against its inherent stability. And there are plenty of modern examples of great falls with huge consequences. So one can say the self-correcting feature is far from perfect.

Also, while it is true that socialistic endeavors can have plenty of adverse consequences, they can also work very well - and have in areas that for one reason or another are not suited to the capitalist approach.

I realize that we are both speaking in short-hard due to limitations of space and time. I hope I've been successful in making myself clear.

[SemperFidelis]

You are right......too many things to cover in limited time.

If you have the time and interest.Economics

The site is under partial construction. Hopefully, you won't run into problems.

Socialism can work in a less complex society.

[SemperFidelis]

Sorry,........look under research areas.