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Uh, Dean, maybe you missed the "fact" that all academics are "liberal" and therefore know nothing of the "real" world? Despite the fact that John Kenneth Galbraith is acknowledged as one of the finest economic minds of all time, the conservatives find it easy to completely dismiss anything he says simply due to his political orientation and chosen profession.
He's right. Capitalism is a good thing, even those of us that lean to the left acknowledge that. It's the rules of the game and those that control the board that we watch closely. Capitalism was not intended to benefit only a small group of corporate elite that no longer have ownership or long term interests in the firm. It was to provide a strong and stable economic base for the nation's citizens, rewarding innovation and risk taking, but in the process providing sustainable prosperity and a high standard of living. Economic policy is to provide the rules of the game to ensure competition flourishes.
Under unfettered true capitalism, monopoly is the end game result, and this is not desirable. Anyone in doubt needs to examine the capitalist economies of nations like the former USSR state of Georgia.
Last edited by blackmercedes; 12-18-2003 at 03:03 PM.
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