Showing posts with label capitalism. Show all posts
Showing posts with label capitalism. Show all posts

Tuesday, 12 July 2011

The evils of unregulated capitalism

Remedy for the US economy: end the wars, rein in military and drug costs, and raise taxes - at least on the very rich.
Just a few years ago, a powerful ideology - the belief in free and unfettered markets - brought the world to the brink of ruin. Even in its hey-day, from the early 1980s until 2007, US-style deregulated capitalism brought greater material well-being only to the very richest in the richest country of the world.
Indeed, over the course of this ideology's 30-year ascendance, most Americans saw their incomes decline or stagnate year after year.