Capitalism is like Ambition
Mar. 10th, 2009 01:39 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
catsittingstillIt"s a great engine for getting things done.
But if it isn't bridled, the results often turn out bad for all concerned.
We've been stripping the bridle off capitalism for the last twenty years or so, and it got us the mortgage meltdown, the credit crunch, and the current falling stock market, and an enormous increase in the wealth gap between the richest one half of one percent and the normal world.
Of course Capitalism doesn't like it when we start putting the bridle back on; it's got used to being able to go in whatever direction, at whatever speed, it damn well pleased, and to eating people's gardens to the bare dirt along the way. We should bridle it anyway; it will get used to being a tame horse again. As tame as it was under Reagan, anyway.
But if it isn't bridled, the results often turn out bad for all concerned.
We've been stripping the bridle off capitalism for the last twenty years or so, and it got us the mortgage meltdown, the credit crunch, and the current falling stock market, and an enormous increase in the wealth gap between the richest one half of one percent and the normal world.
Of course Capitalism doesn't like it when we start putting the bridle back on; it's got used to being able to go in whatever direction, at whatever speed, it damn well pleased, and to eating people's gardens to the bare dirt along the way. We should bridle it anyway; it will get used to being a tame horse again. As tame as it was under Reagan, anyway.
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no subject
Date: 2009-03-11 01:13 pm (UTC)BTW, it's been more like 30 years. Deregulation began with Reagan and, especially, his corruption of the SEC and the federal banking regulation system. John McCain was also a part of that, as one of the Keating Five.