Monday, June 11, 2012
Capitalism without regulation is basically the strong devouring the weak, or at least exploiting them. There is no moral value in capitalism. The powerful do as they will. Growth at all costs. Exploit the workers. Damn the environment. Capitalism is essentially a system for concentrating wealth in the hands of those who already have it. Properly regulated and controlled by a democracy it is a powerful tool for progress and improved living conditions. But, like the atom, it is as destructive as it is creative and leaves a lot of waste.