WAKE UP and smell the coffee - Free Market Capitalism Has Failed!
Radical 'free-marketers' were emboldened and demanded that even more of their capitalist ideology be adopted and that markets be fully unfettered by regulation and public interference. They demanded that the 'yoke' of taxation be removed from both business and the wealthy. The 'trickle-down' was trumpeted as the solution to all of the world's economic woes and inequalities.
Well .. so much for that crap! Here we are in 2009, twenty years after the fall of communism, and we are witnessing the failure of the other economic 'extreme' - unfettered, unregulated free-market capitalism.
This 'binary' world view which sees Capitalism VS Communism as the only solution is short sighted and simplistic.
But take heart! Over the decades that Communism and Capitalism fought it out, a more balanced economic vision was quietly being articulated by Social Democrats all over the world. Social Democrats are totally committed to democracy but they envision an economy where:
jointly work to bring about a more balanced environment for equitable, universal economic prosperity to occur. The goal is a 'just society' that is NOT 'just for the rich'!
Yes I am on the left side of the political spectrum, but I am not on the extreme left which advocated the failed system of communism. I believe that free-enterprise capitalism is a key and crucial part of a balanced economy. But I am also a strong advocate of Crown corporations and other public enterprise where the profits are poured back into government coffers to be used for the benefit of the people. Social Democracy provides public benefits like free public health care, which I and other Canadians enjoy as a right of our citizenship. It is a system which is far superior to a solely capitalist view of private health care where the wealthy get medical service and the poor do not.
Those of you who think that an unfettered, unregulated free-market is the solution to the economic ills of the world are living in an illusion.
Your ideology has failed just as surely as communism has failed.
Balance ... is what is needed.