Capitalism

"Twice before progressive have saved capitalism from its own excesses by appealing to public morality and common sense. First in the early 1900s, when the captains for American industry had monopolized the economy into giant trusts, American politics had sunk into a swamp of patronage and corruption, and many factory jobs were unsafe -- entailing long hours of work at meager pay and often exploiting children. In response, we enacted antitrust, civil service reforms, and labor protections.

And then again in 1930s after the stock market collapsed and a large portion of American workforce was unemployed. Then we regulated banks and insured deposits, cleaned up the stock market, and provided social insurance to the destitute.

It's time once again to save capitalism from its own excesses -- and to base a new era of reform on public morality and common sense."

From the same article as "Morality". Save capitalism again from its own excesses ? I'm afraid it's way too late. The collapse is near.

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