Are you guys really so determinedly blind? It was unregulated capitalism that gave us the constant cycles of boom and bust leading up to the great depression. And as soon as we removed the regulations enacted after the great depression, bingo - another bust that nearly destroyed the global economy! Mike the choice is not either capitalism or communism. Our system is evolving and we should be smart enough to keep parts of it that work while fixing parts that don't work.
Brushfire, with all due respect, "smart" is not a characteristic of the True Believers in the Almighty Market, and while Lenin and the Bolsheviks were smart enough to figure out how to seize power, they had to make up Soviet Communism as they went along--and never did get it right. It is probably a myth that there even IS such a thing as The Economy and that it is subject to rational analysis. It is even more a matter of faith that a Free Market somehow is infallible, it's like the Bible (or the Pope) in the minds of many Christians.
J.W. Williamson was the founding editor in 1972 of the Appalachian Journal: A Regional Studies Review, which he edited until July of 2000. He has taught college classes in Appalachian history, cultural politics, and literature, and he has lectured widely on the pop-culture history of "Appalachia" in the American consciousness. His books include Interviewing Appalachia, Southern Mountaineers in Silent Films, and Hillbillyland: What the Mountains Did to the Movies and What the Movies Did to the Mountains. He has won the Thomas Wolfe Award given by the Western North Carolina Historical Society, the Laurel Leaves Award given by the Appalachian Consortium, a special Weatherford Award given by Berea College, and the Cratis Williams-James Brown Award given by the Appalachian Studies Association.
The views expressed on WataugaWatch are solely those of J.W. Williamson or individual contributors and are not necessarily shared nor endorsed by the Watauga County Democratic Party nor by any other adults of sound mind in this or any other universe.
7 comments:
"If you're not paying for it, you are the product."
Cliched, but true.
Capitalism can do no wrong.
Very true, RV.
RV,
Capitalism can do plenty of wrong, but that doesn't mean we should replace it with a system which does far more wrong every time it's implemented.
MikeD, you may be more correct than RV. Capitalism can do wrong, but the free market always works if you let it.
Are you guys really so determinedly blind? It was unregulated capitalism that gave us the constant cycles of boom and bust leading up to the great depression. And as soon as we removed the regulations enacted after the great depression, bingo - another bust that nearly destroyed the global economy!
Mike the choice is not either capitalism or communism. Our system is evolving and we should be smart enough to keep parts of it that work while fixing parts that don't work.
Brushfire, with all due respect, "smart" is not a characteristic of the True Believers in the Almighty Market, and while Lenin and the Bolsheviks were smart enough to figure out how to seize power, they had to make up Soviet Communism as they went along--and never did get it right. It is probably a myth that there even IS such a thing as The Economy and that it is subject to rational analysis. It is even more a matter of faith that a Free Market somehow is infallible, it's like the Bible (or the Pope) in the minds of many Christians.
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