Undernews is the online report of the Progressive Review, edited by Sam Smith, who covered Washington during all or part of one quarter of America's presidencies and edited alternative journals since 1964. The Review has been on the web since 1995. See main page for full contents

August 16, 2009


Capitalism will survive because socialism will save it - Reader Dan Kraus


Anonymous pay justice PJ said...

Define "socialism", please - or this sentence is meaningless.

Because if you're speaking of a centrally-planned economy, you're waaay off base. Centrally-planned economies do not work: they are inefficient and they die from the huge bureaucracy established to run them.

Capitalism is a good workhorse for humanity - only being worked very badly. The answer is not to throw the baby out with the bathwater - the answer is to marry capitalism to justice, finally.

As long as the predominate paradigm of humanity remains having an economics where everyone is going after all he can get out of the pool of wealth - as opposed to everyone going for getting out what he put in that pool, no more and no less, socialism has no chance to save anyone - and neither does any other system you can name.

August 17, 2009 7:56 AM  

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