Paul Krugman: U.S. Government Has Failed To Create Equal Opportunity
Conservatives do not believe in equal opportunity. That is why they quickly change the conversation.
Sometimes they translate “equal opportunity” into “racial bias”. Frequently, they translate it into “equal outcomes”. Neither is true, but they do support conservative propaganda.
Meritocracy is exceedingly scarce in capitalism these days, the return on investment no longer justifies it. Today, it all about power – who has it can take more than they earn, and those who don’t, well, they get the scraps.
“Take what you can. Give nothing back.”
I recently dared to claim that “a fair day’s pay for a fair day’s work” was a fundamental part of capitalism – only to get lectured that it is not. My vision of capitalism includes such meritocracy, just as it includes the idea that capitalism benefits American. I stand corrected.
Capitalism, like any other system, has its limitations. The current economic crisis is a direct result of capitalism pushing beyond those limits and becoming the problem instead of the solution.
Capitalism is, in effect, a broken model.
Read the Article at HuffingtonPost
- Lies About Jobs (wcward57.wordpress.com)
- Paul Krugman: Bain, Barack and Jobs (economistsview.typepad.com)
No comments yet.