I feel the need to elaborate a bit before someone gets out the pitchforks and starts accusing me of being a godless communist.
Communism doesn't work. People are inherently selfish and lazy. therefore eliminating the motiviation to improve one's productivity by severely limiting one's ability to acquire material wealth, possessions etc is bad.
Socialism is severely flawed for much the same reasons as above.
Unbridled Capitalism is also severely flawed, it assumes and requires the ability to sustain unlimited growth to be successful. the population is encouraged and really in our economic model, required to continually consume more and more products to keep the economy rolling. I find it funny that the stock market reacts negatively when reports come out saying that folks are being more responsible now and saving more.
this planet also has a finite supply of resources which will/is starting to pose a problem as well.
I'm not sure of the solution honestly, but some happy medium of capitalism with some socialism mixed in is probably the best working model. Ie, I think SS and medicare are good programs (just run very very poorly).
Also, if you take unregulated capitalism (which is what we seem to be getting more and more of every year), to it's logical conclusion, you end up with an extremely wealthy elite, mega corporations, and a disenfranchised lower class with little chance of upward mobility and an all but extinct middle class.
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