More Photography from Time
capitalism isn't perfect, but it works a lot better than every other economic system. If you can't think of something better, stop complaining.
@AsherNewman The thing is, there ARE better alternatives, though socialism, Marxism, communism and other "isms" aren't the answer since they fail to take into account the greed factor.
Capitalism is fine, in moderation. Regulation in capitalism that allows the markets to work, but NOT run away or exploit the situation is what's needed. The problem is that the concept of capitalism is "unfettered" or "unregulated". We've seen what unregulated capitalism results in.
It's not a pretty picture. The recession of 2007 (and onward) is a result of unfettered capitalism.
The trick is to reign in greed, regulate it to the point that it can be contained, but allow a large segment of the people to reap the rewards of their labors. That trick? To decide when enough is "enough" - and enforce that.
No one on earth is worth a billion dollars. It's hard to imagine anyone worth a tenth of that. So let's cap net worth at ten million dollars. If a human being can't be satisfied with having ten million dollars at their fingertips, they need to be shot. Their kids need to be shot, too. We don't need that kind of greed polluting the gene pool. People have to be able to reach for the heights. But at the same time, they have to know when they've arrived. Ten million dollars seems (at least to me) to be more than adequate notice that one has "arrived".
@DeweySayenoffYou think Communism or socialism or capitalism works better than capitalism. Do you really not remember what the U.S.S.R., China, and eastern europe were like in the cold war? Do you not see how socialism is working in southern Europe right now? And capping net worth at 10 million dollars in ridiculous, because it discourages work for people who earned there money to get richer than that. What is the point of a person who is at that cap and is a CEO to mass produce services or goods for his compony, if neither him nor executives, not many of the shareholders can not get any richer Finally, you gene pool idea is ridiculous, because everyone has greed, and having greedy parents does not always translate into greedy kids, and greed isn't genetic. People are worth a far more than your 10 million dollar cap. People like Steve Jobs, Bill Gates, and Henry Ford made products that revolutionized the world for the better, so they deserve more than 10 million dollars, which would be less .1% of the companies the created. You seem to have lost touch with reality.
@DeweySayenoff also, you think this is unregulated capitalism, we have regulations, like minimum wage, preventing monopolies, and environmental regulations, plus the recently passed Dod Frank act. If you want to see what unregulated capitalism is like, research the gilded age.