originally posted in:Secular Sevens
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[spoiler]Fair warning - I am by no means an economist, nor have I taken any economic classes outside of the intro classes I had to take in undergrad[/spoiler]
What benefit is it to society to let true capitalism run its course? No government assistance programs, no "hand-outs", not "entitlements." Should we really support the "every man for himself" philosophy?
Isn't it in our best interests, both as a country and as a society, to help those who cannot help themselves? We're only as strong as our weakest link, so don't we all benefit when we help each other?
I understand that a great many don't enjoy paying taxes [or even go so far as to call it "theft"], but doesn't it help us all when we help each other; when we can provide for those who cannot provide for themselves?
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Edited by Ad Hoc: 9/28/2013 5:10:06 AMVery little can be gained from Laissez Faire Capitalism in an industrialized society. We tried it in the 1800's, and everything went to hell. There was a HUGE gap between the rich and the poor, and the poor lived like pigs. Sure, there was an initial jump in the economy, but it was followed by extremely unstable growth, tons of corruption, monopolies, poor wages, dangerous working conditions, and multiple depressions. A similar trend can also be seen after the Reagan years, although not quite as severe. You might not believe it if you listened to a lot of people today, but government regulation and intervention is a [i]crucial[/i] part of the economy. A lot of things that actually worked well in the 1800's, like the railroads, were heavily influenced by the government. It also got us out of the great depression. And yet, a lot of politicians are [i]still[/i] promoting Laissez Faire capitalism(or close) as the cure to all our economic woes. Some will even go as far as to say that it's unconstitutional, but Section 8, and other areas of the Constitution cover regulation specifically. How so many people can forget the past is beyond me. I guess they just get swept up in all the bull. What can we actually gain? A very short; albeit massive, economic boost, followed by crushing depressions and revolution.