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Last Name. Repeat Password. SIGN UP. That being said, if we are ever to move past the diagnosis of the problems and begin to confront the challenges of capitalism with real solutions, we must start by proposing ideas—however far-fetched or wild they may seem initially.
Only then can we hold them up to scrutiny. Only then can we begin to redress some of the tangible, urgent, and everyday problems that real Americans face as they try to live their lives, provide for their families, and secure their futures.
This is my attempt to throw ideas at the wall and see what sticks. These are cursory, very loosely sketched concepts. According to Inequality.
Also according to Inequality. This is not yet another piece railing against the unfairness of the wealth and income gap while offering no actionable solutions.
Well, two reasons — one, to include and share the benefits of capitalism with everyone; and two, to preserve this capitalist system that may have its flaws, but it ultimately beneficial to all of humanity in myriad ways.
As staggering wealth-disparity headlines fill the news, and people look around for answers, capitalism receives much of the blame. But before we move too quickly to throw it out lock, stock, and barrel, it is important to remind ourselves of the very real benefits of this system: the dramatic rise in human living standards over the last years.
While it may seem reductive, the simplest way to understand that link between capitalism and the tangible rise in living standards is that capitalism leads to growth — both economic and innovative growth—and this basic fact transforms our lives.
Michael Strain, a resident scholar at the American Enterprise Institute, put it this way in an article for the Washington Pos t a few years ago:.
Imagine the world in the year — a world without: air travel. High school. Modern air conditioning. None of these existed then.
What in the world of tomorrow does not exist today? We need growth to find out. Over the past two centuries, growth has increased living standards in the West unimaginably quickly.
Many more babies survive to adulthood. Many more adults survive to old age. Many more people can be fed, clothed and housed.
An eligible suitor has been found for Sylvia but, determined to judge him for herself, she swaps roles with her maid. Meanwhile the suitor and his manservant have the same idea.