Nikita Khrushchev Predicted It
In my view capitalism is good even if the capitalist is greedy. The issue is of course the intersecting of capitalism with unethical people.
Tiananmen Square Protest (circa 1989) was primarily about government corruption more so then freedoms.
In the United States today we are witnessing more corruption because of the technological advances in uncovering such crimes.
Additionally the influence of lobbyist over politicians continues to contribute to this problem. It surprised people to learn that congressional leaders and their staffs could legally participate in inside trading. This loop hole was suppose to be closed but well know where that is going.
Further government interventions often end up contributing to the problem and regulations are far over reaching and worse yet miss their mark (Dodd Frank Volker Rule ,etc)
In summary I believe most capitalist are good hard working people. However, I question the motives and methods of politicians, lobbyist, big brokerage firms, hedge funds.
Given that the 1% earn most and the poor are getting larger in numbers and demand more entitlements resulting in elimination of middle class I would have to agree they we are becoming morally bankrupt. Interesting enough Nikita Khrushchev predicted exactly that scenario which would bring America to its knees. We are imploding because we have weak dishonest and self serving leadership. Our only defense against these intruders is our vote....use it wisely
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