I just emailed to you a column
from the NY Times talking about “inclusive capitalism.” Reading it made
me think of your concept of the wealth of the poor. . . . The fact is that the poor and the middle
class have been hammered for too long and there must be a way for them too to
share in the wealth they are helping to create. If our capitalistic
society cannot create wealth for the vast majority of our people, then at some
point our people will reject it, which would be a disaster. The secret to
our success has been that those who hold the levers of wealth have been far
sighted enough to understand that unfettered capitalism will over time devour
itself, so balance must be struck with government regulation. We have
managed to do that most of the time, but the balance is now frayed.
Regulated capitalism makes the most sense, because capitalism is the very best
way to engineer wealth in a democracy. We need to keep it that way.
All the best to you in the new
year.
You can read the article he refers to here.
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