Tuesday, May 25, 2010

What is the most unstable economic system?

Capitalism.

Capitalism, when left unchecked, tends to concentrate wealth the fastest. It is simple human nature - survival of the fittest.

Over time, the most aggressive, most intelligent, best educated, most resourceful, and luckiest will eventually take most of the resources over the less fortunate members of society.

Some of the most successful and stable forms of government today are those that find a way to harness capitalism's energy while controlling its bad side effects. These controls come in the form of regulations, incentives/disincentives, and some level of safety net that provides basic needs to those that cannot fend by themselves in such a system (e.g., elderly care/retirement, health care, etc.)

So, let's be nice to others while we enjoy the bounty, shall we? : )

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