By
an amateur economist and even more amateur philosopher.
To
paraphrase the Winston Churchill quote*
It
has been said that capitalism is the worst form of an economic system
except all the other that have been tried.
Over
100 years ago the idealist, Louis Blanc wrote these words. “From
each according to his ability, to each according to his need.”
I
take from that proposal that all persons would work as hard as their
talents would allow and all would share equally in the results of the
resultant productivity. Alas, mankind as a whole may never reach that
utopian goal in spite of centuries of theological and social urgings.
It
would appear that, lodged deep in the human brain stem, is the urge
to have more material goods than others.
This
urge, when subjected to public oversight and regulation can be turned
into a beneficial prioritized distribution system of both scarce and
plentiful assets. Obversely the urge to greed when left unchecked
will eventually lead to social unrest and revolution. Bread and
circus has a limited life span as a preventative. Just ask Rome.
*“It
has been said that democracy is the worst form of government except
all the others that have been tried.”
Paul
Hunter paulhunter45177@gmail.com
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