Originally Posted By: Gary Allan
The concept of capitalism works best with perpetually expanding potential. An ever advancing flame front, if you will. It never EVER had to face a lack of new frontiers.
I think that capitalism is going to fall short of providing the needs of the population when there is little need for more and more of them. To avoid this, capitalism would have to assure that all members DO have a share in the collective pie ..and opportunity to compete for larger slices of it. This it cannot do if reality refuses to cooperate. That is, capitalism will write conceptual checks that it will not be able to cash. We've had plagues and wars and famines and major events that have reset many clocks ..and have, up until now, relatively unlimited developed resources to provide the go juice for making it pay. When those inhibitors or enhancers are no longer there ..then you'll see, as we do now, the darker side of capitalism showing itself.
While railing against capitalism, be careful what you wish for. Glass half empty types usually think life can't get worse and they are usually wrong. In capitalist countries, booms and bust usually lead to GDP decreases and layoffs, but in non-capitalist countries, we get famines by the millions, along with purges of "enemies of the state."
Gary, when you can solve the problem of giving everyone an equal share of the pie while making sure the pie is as big as can be in a world of unequal ability/talent and immutable human greed (and yes greed would still persist even in the absence of capitalism), then you should get the Nobel prize. But until then, we'll have to accept a world where there are tradeoffs. Or you can take it up with the Big Guy upstairs for creating a world with unequal ability and greed.
p.s. I can already anticipate your response. And no, I am not saying let people who were born with fewer Gawd given abilities starve. I think it is the responsibility of society to ensure basic necessities and yes that includes health care. I'm just sayin that the pie will never be distributed equally, and in spite of this, capitalism is still the best system we've got.