General Discussion
In reply to the discussion: Capitalism is NOT a dirty word. [View all]ReRe
(10,597 posts)Capitalism would be great if it was regulated and operated the way it should be. But it's not and it isn't.
If we define "Socialism" like the right does, in the strictest sense, then no, we don't want that kind of socialism. That "ism" is as bad as capital"ism". It's an ism. That kind of social"ism" is an economic system, just like capital"ism" is an economic system.
Bernie Sanders doesn't hate Capitalism, but he calls himself a socialist. A socialist, in that he wants to hold capitalism to account for it's wrongdoing, for it's avarice and greed. I call him a Social Democrat. I think that's what I am, though I vote Democratic ticket.
I think the "isms" is what we get all in a twist about. Capitalism is all we know. But I certainly am not going to defend it, as it is not good for all. It's broke. Look at this country. If capitalism was so good, why do we go through these severe downturns so often? And it looks like this one is transforming all jobs into "cheap labor." Unless the cost of living comes down with the wages, we can't raise families in this way. More and more, Capitalism is turning us into a third world nation. I can't blithely go along with it.