Permanent revolution v stability
No, not the fundamentals. But it can provide a framework so that disasters are kept in check.
Imagine hundreds of cars flying down the highway. That's capitalism. What keeps it from being carnage - most of the time - is regulation: speed limits, licensing, generally understood (and enforced) rules of behaviour. If everyone is playing by the same known rules, and there's responsible oversight with some teeth, you've got a reasonably workable system.
Now, if it's car travel that you're against, then this won't make you happy either way. But if it's the movement of people from point A to point B in an expedient fashion, then you're probably okay with it.
And no, I don't think there's any way - or any point, for that matter - to keep booms and busts from happening. I'm not sure that matters, really, as long as you have decent social safety nets in place. What I would like to see the end of is calamitous happenings like we're experiencing right now. Those, I think, could be avoided with strict, enforced regulation of key industries. Um...like banking.
No, not the fundamentals. But it can provide a framework so that disasters are kept in check.
Imagine hundreds of cars flying down the highway. That's capitalism. What keeps it from being carnage - most of the time - is regulation: speed limits, licensing, generally understood (and enforced) rules of behaviour. If everyone is playing by the same known rules, and there's responsible oversight with some teeth, you've got a reasonably workable system.
Now, if it's car travel that you're against, then this won't make you happy either way. But if it's the movement of people from point A to point B in an expedient fashion, then you're probably okay with it.
And no, I don't think there's any way - or any point, for that matter - to keep booms and busts from happening. I'm not sure that matters, really, as long as you have decent social safety nets in place. What I would like to see the end of is calamitous happenings like we're experiencing right now. Those, I think, could be avoided with strict, enforced regulation of key industries. Um...like banking.
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