Acknowledging economic reality
Many people believe that practicing capitalism has failed us in society by bringing hardship upon common people due to the greed of the few that benefitted at their expense. This is an economic system that is practiced among citizens and businesses operating in their own interest with the Government intervening through regulation and taxation, but such Government does not practice it directly by planning and determining the economic outcomes. These activities are conducted among citizens in society and they should bear the consequences whether it is the benefits of good decisions or the failure of bad ones. It is well known that capitalism creates excesses that must be occasionally corrected and there are times that some misdeeds do go unpunished. Nonetheless, it is a very efficient system overall because outcomes are directly shouldered by those that initiated the respective activities – or so they should be in a “truly” capitalistic model. Whether capitalism [Read the rest of this entry...]


