The forgotten business support for the New Deal and Bretton Woods

[HassleCat]

1. Inequality with a Human Face

Capitalism is its pure form is totalitarian, which makes me laugh at the so-called free market advocates. The interesting feature of capitalism is that it seems to sense various ways to discourage people from rising up against the system. In wealthy countries, such as the US, this is easy. Just support a welfare state that does not levy onerous taxes, but still provides enough of a safety net to prevent large scale starvation, disease outbreaks, etc. It doesn't hurt to promote such nuggets of conventional wisdom as, "Our poor are the envy of most of the world." The only problem for capitalists, and it's a small problem, is making sure the government doesn't tax and regulate to the point of hurting profits. In other words, greed is good, just as Ronald Reagan said, but excessive greed is... well... just excessive. It's not a fair system. It's not the best system. But it's a system very capable of looking out for its own survival.