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It may very well do the above but it is poor at making sure that medical care is affordable. Capitalism is also prone to market failures and perverse incentives, that reward players for doing the wrong things, like earning commissions on mortgages. This is what lead to writing mortgages to unqualified borrowers.
Medical care isn't cheap. Why are companies who spend billions on RD supposed to make sure that the medication is affordable.
Put it this way....if a pharmaceutical company comes up with a drug that cures Alzheimer disease (after billions of dollars in RD). What should their return be?
A huge government program called the "Community Reinvestment Act", further push by clinton, caused what you call "writing mortgages to unqualified borrowers".
Every nation is a mixed economy of socialist aspects and capitalism.
This is true, and you could add to that, 'a mix of fascism, too.' Fascism is where there is private ownership of the means of production, but with strong public oversight/regulation.
We have all three. The military, the public schools, and the post office are all socialist. Most enterprise is fascist, with some like the auto industry heavily regulated to the point of being de facto socialist (and in the case of GM, just plain socialist). And some, like the computer biz, are relatively lightly regulated.
socialism generally doesn't work well mainly because it destroys incentive. Here's one of the best essays on the topic I have come across, by a writer named John Gordon Steele. Why Government Can't Run a Business - WSJ.com
You know, if they stopped awarding points for made free-throws in the NBA, nobody would spend time working on free throws. Perhaps some would keep doing it just because they enjoy it, want to set a Guiness record, or whatever. But generally speaking when incentive is removed, effort soon follows.
socialism generally doesn't work well mainly because it destroys incentive. Here's one of the best essays on the topic I have come across, by a writer named John Gordon Steele. Why Government Can't Run a Business - WSJ.com
You know, if they stopped awarding points for made free-throws in the NBA, nobody would spend time working on free throws. Perhaps some would keep doing it just because they enjoy it, want to set a Guiness record, or whatever. But generally speaking when incentive is removed, effort soon follows.
Great post and link.
Unfortunately, despite the inevitable disasterous end that a more socialistic government will bring to the US, we are forced to stand by and watch, prisoners of an electorate of idiots who will force us to endure the same fate. The linked article clearly shows what should be obvious to anyone with an ounce of common sense.
Only when liberalism/socialism completely destroys the nation and delivers long term economic misery will some wake up. Of course, most liberals will simply deny that their policies had anything to do with economic disaster and will continue to seek blame.
Unfortunately, despite the inevitable disasterous end that a more socialistic government will bring to the US, we are forced to stand by and watch, prisoners of an electorate of idiots who will force us to endure the same fate. The linked article clearly shows what should be obvious to anyone with an ounce of common sense.
Only when liberalism/socialism completely destroys the nation and delivers long term economic misery will some wake up. Of course, most liberals will simply deny that their policies had anything to do with economic disaster and will continue to seek blame.
Some are actually surprised to see someone (not mentioning names) is still here, after throwing the American Flag in the trash. We would have thought that person would have left the USA for greener pastures and wealth.
Unfortunately, despite the inevitable disasterous end that a more socialistic government will bring to the US, we are forced to stand by and watch, prisoners of an electorate of idiots who will force us to endure the same fate. The linked article clearly shows what should be obvious to anyone with an ounce of common sense.
Only when liberalism/socialism completely destroys the nation and delivers long term economic misery will some wake up. Of course, most liberals will simply deny that their policies had anything to do with economic disaster and will continue to seek blame.
Because You and your Bush supporters stepped up and took the blame for two unfunded wars while cutting taxes for the rich. Ahhhh I think it under Bush that all this collapse started. If your Utopia worked, then Bush should have handed an economy in ten times better shape than he did, instead of destroying the Clinton surplus. Ya thats right under Clinton we not only balanced the books we had surplus. but you and your ilk try to rewrite history. From Roosevelt to Clinton you lie and then pile more lies on it.
Because You and your Bush supporters stepped up and took the blame for two unfunded wars while cutting taxes for the rich. Ahhhh I think it under Bush that all this collapse started. If your Utopia worked, then Bush should have handed an economy in ten times better shape than he did, instead of destroying the Clinton surplus. Ya thats right under Clinton we not only balanced the books we had surplus. but you and your ilk try to rewrite history. From Roosevelt to Clinton you lie and then pile more lies on it.
Actually, I think it started with that commie Ronald Reagan.
Sweden and Denmark are failures, you're right. They are like Nordic Haitis.
Lol if you read up on recent Swedish economic history you will find that in the 90s after years of stagnant growth due to progressive economics they shifted more to the right economically.
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