Re: the future long term financial apocalypse of the USA

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
--
"C'est un Nagra. C'est suisse, et tres, tres precis."