Before the GOP became the party of Trump's gangster capitalism, they weren't perfect capitalists, but they at least paid lip service to the power of markets and capitalism.
Capitalism has proven to be the only system that works, but the problem with capitalism is that extreme wealth ends up in the hands of a few people.
When all the archetypes burst out shamelessly, we plumb the depths of Homeric profundity. Two clichés make us laugh but a hundred clichés moves us because we sense dimly that the clichés are talking among themselves, celebrating a reunion. . . . Just as the extreme of pain meets sensual pleasure, and the extreme of perversion borders on mystical energy, so too the extreme of banality allows us to catch a glimpse of the Sublime.
But suppose, for the sake of argument, free competition, without any sort of monopoly, would develop capitalism trade more rapidly. Is it not a fact that the more rapidly trade and capitalism develop, the greater is the concentration of production and capital which gives rise to monopoly?
The Internet bubble circa 2000 is the most extreme in modern capitalism. In the 1930s, we had the worst depression in 600 years. Today is almost as extreme in the opposite way.
In the ancient world, taxes were paid in kind: landowners paid in crops or livestock; the landless paid with their labor. Taxing trade made medieval monarchs rich and funded the early-modern state.
I don't think the western world is questioning capitalism. Capitalism as a concept is not something that society has written off. But today, there is degree of caution around capitalism. We believe in compassionate capitalism. Growth for growth's sake can never be an end in itself.
I don't criticize political or electoral freedom, but capitalism's perversion of the concept: the illusion that I hold the power over my own life.
People think what's in the US today is capitalism. It's not even close to capitalism. Capitalism doesn't have a central bank, capitalism doesn't have taxes, it doesn't have regulations; capitalism is just voluntary transactions. What they have in the US today I call crapitalism. But it's sad that so many people are confused and they think, 'Oh that's free markets in the US', when it's one of the least free market countries on earth.
This is not about trade, no one is a stronger supporter of capitalism and trade than I am. This is about sovereignty and whether a country has the right to set its own public health policies.
The surest defense against Evil is extreme individualism, originality of thinking, whimsicality, even - if you will - eccentricity. That is, something that can't be feigned, faked, imitated; something even a seasoned imposter couldn't be happy with.
Does the terror threat we're facing grow out of a perversion of Islam, or does it represent and extreme, but durable, strain of the religion.
Trade is the natural enemy of all violent passions. Trade loves moderation, delights in compromise, and is most careful to avoid anger. It is patient, supple, and insinuating, only resorting to extreme measures in cases of absolute necessity.
Capitalism is like this fractal thing where anything that contains an element of capitalism anywhere inside it is just something that turns into capitalism. It is an incredibly defeatist attitude. If you choose to look at reality that way, I suppose you can, but you have to do enormous violence to reality to do so consistently.
It is true that they paid much more attention to the trade unions because the trade unions were after all speaking for the rights and conditions of working men and women in their employment.
Even before the expansion of slave labor in the South and into the West, slavery was already an important source of northern profit, as was the already exploding slave trade in the Caribbean and South America. Banks capitalized the slave trade, and insurance companies underwrote it.