For all of the problems of democratic capitalism - and there are plenty -- don't miss the forest for the trees.
Don't get sucked into the false binary choice between neoliberalism or socialism.
Capitalism works.
It needs to be well (better!) regulated but it works.
#ausbiz
Don't get sucked into the false binary choice between neoliberalism or socialism.
Capitalism works.
It needs to be well (better!) regulated but it works.
#ausbiz
https://twitter.com/SHamiltonian/status/1523209419680407554
The for-and-against arguments centre on extreme views:
"It's better than socialism"
Or
"It's not working properly"
Newsflash: Both are true.
But throwing out the baby with the bathwater would be a crazy outcome.
Argue for a better system. Improve the system.
"It's better than socialism"
Or
"It's not working properly"
Newsflash: Both are true.
But throwing out the baby with the bathwater would be a crazy outcome.
Argue for a better system. Improve the system.
But don't fall for the idea that it's not a very, very good system for distributing resources and improving our standard of living.
Not even close to perfect.
Needs lots of work.
But don't be sucked into the either/or conversation.
Not even close to perfect.
Needs lots of work.
But don't be sucked into the either/or conversation.
To mess with a Churchill quote:
"Democratic capitalism is the worst system in the world... Except for every other system that's been tried"
"Democratic capitalism is the worst system in the world... Except for every other system that's been tried"
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