The capitalist system has all the tools needed to cure what ails it. Freidman and others think we shouldn't bother with that, just toss the whole thing aside and say it was defective, and must be replaced, instead of repairing it, which is a pain.
You do realize, don’t you, that the population of Communist China is FOUR TIMES the population of America??
China can and seems likely to absorb every skill and job in the American economy, leaving us broke and incapable of making anything.
Capitalism won’t magically fix that. We can and seem determined to collapse our own country.
I agree, but aren’t we being hypocritical when we tout Bush, McCain, and other Republicans who called for more regulation way back when ... that (presumably) would have stopped this meltdown?
The capitalist system in the U.S has been slowly poisoned since the FDR Presidency.
Federal "make-work" Regulations and Unfunded mandates have all but destroyed American Business. Its no wonder Manufactoring is either running for foreign shores or charging headlong into robotics automation.
As far as the Federal Government is concerned American Business is a Lab Monkey and they want to keep it locked in a cage and suck its blood till it dies.
Well those chickens have finally come home to roost, and what is the Liberal's Rx? To add even more Regulations and Unfunded Mandates and then Nationalize all of it.
I swear Ayn Rand should unseat Nostradamus as King of the Prophets!
Folks its time for Americans to Shrug!