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good post
In 1979 my Economics professor pointed out that we in fact lived in a mixed economy with elements of socialism and capitalism. Since the Republican Revolution of the 1990's America has paid lip service to free markets and entrepreneurship, but the reality is that in order to enter the marketplace with a product of any technological or intellectual sophistication, one must already have benefited significantly from the production of wealth in society. In the mixed economy, coerced redistribution of wealth was supposed to provide equality of opportunity, but the reality is that income was never redistributed from the wealthy to the less well off. It was simply siphoned, as you stated, from the middle class towards the lower and upper echelons. Your general vision of an ecclectic government is, I think, generally accepted, and certainly by me, but it looks like the tide is going the other way...
posted by
Able_Ergot
on January 16, 2004 at 4:09 PM
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