General Discussion
In reply to the discussion: Capitalism is NOT a dirty word. [View all]Laelth
(32,017 posts)Socialism (a 19th century creation) has proven to be a failure at creating wealth and distributing it equitably amongst the populace. FDR was a liberal, i.e. a capitalist who wanted to insure that our society's wealth is equitably shared. Same goes for Truman and LBJ. Liberals are capitalists. That's the essence of my argument, and I think we look stupid when we attack capitalism, especially when we propose nothing as an alternative.
Certainly, capitalism as practiced by Republicans (who'd like to take us back to the Gilded Age) sux. Agreed. But liberal capitalism works quite well. In fact, it was liberal capitalism that made the United States the wealthiest nation on Earth. A return to liberalism (sane, just, and equitable capitalism) is what I seek. That's why I call myself a liberal.
-Laelth