Capitalism can be redemmed, but only by relegating it back to merely an economic system. When we allow it to become a social system, as it has in the US, that is when we run into trouble. It's a danger that extends beyond just capitalism, communism as a social system failed even more spectacularly, though not necessarily because it was any more flawed.
Unfortunately, that means that we need a social system that can resist the temptation to allow any economic system to become our social system.
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timeasmymeasure
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Date: 2003-03-27 11:02 am (UTC)Unfortunately, that means that we need a social system that can resist the temptation to allow any economic system to become our social system.