Re: the future long term financial apocalypse of the USA

On Sun, 18 May 2024, Scott Dorsey wrote:

D  <nospam@example.net> wrote:

So my interpretation is that we are in the short term (and we have)
sliding down due to socialism, but in the long term, once we get back on
track, we'll see further improvements.

>
I talk to a lot of young kids who say they "don't believe in capitalism"
and when I try to remind them the benefits of the capitalist system they
stare at me like I am an alien.  And I realized that this is because I
am old and I remember when capitalism worked well, whereas all they have seen
in twenty years has been rich people getting richer and poor people
getting poorer.
>
Capitalism can work, and I have seen it work.  But taking the hands off
the system and letting the market do everything results in disaster.
Corporations work together both by collusion and forming trusts and in
consolidation to try to eliminate competition.  They see competition as
bad for them individually, but in fact competition is what makes capitalism
work.
>
And we, as people who are old enough to remember capitalism working, damned
well better start making it work again before those kids take over, as they
eventually will.  Eisenhower warned us all.
--scott

But it is the government and corporation influencing it that demolishes capitalism. Like you, I've seen it work well, but my belief is that improvements never happen in a straight line. It fluctuates, sometimse goes down, followed by a rise.
If we zoom out to the level of 100s of years, the historic trend is clear.
So the reason the young see what they do, is that the government (and corporate lobbyists) have interfered with the market, so we have less capitalism and not more.
But, when it comes to your warning I agree. It is an interesting question how we can educate people in the blessings of capitalism, so they do _not_ grow up into politicians who want to "fix" the market and by fixing it, they destroy it.