Again, Dr. Busler, you have taken a teaching opportunity and turned it into Trumpist propaganda. I was reviewing your articles over the past months and noticed that every prediction has failed to materialize. I think that there is a lesson in there somewhere.
I’m a capitalist in the Adam Smith vein. Properly regulated, capitalism is an excellent (not perfect) mechanism for setting the value of goods and services. It is not a religion and should not be revered as such. America does not have properly regulated capitalism, it has a misregulated, bastardized, form of crony-capitalism — created through the corrupting influence of money in politics. The net result of that system has been the movement of wealth from the middle and working classes to the upper 0.1% of the wealthy class at a rate not seen since the Gilded Age.
That economic, and the resulting political, imbalance is not sustainable. One kind of revolution or another will always follow. The Gilded Age spawned a progressive backlash, under Teddy Roosevelt, that relieved some of the stresses. The election of a faux populist con-man like Donald Trump is a sure sign that the social stresses crony capitalism has generated have reached a critical point. Both the Athenian democracy and the Roman Republic collapsed because too small a portion of the population had captured too great a portion of the wealth causing those democracies to morph into oligarchies/plutocracies. America is rapidly moving in that direction.
We have to get Wall Street under control and return the financial and banking industries to their original purpose — not as the trough at which the ultra-wealthy feed. The stock market has become subsidized gambling for the rich. We have to get money out of the election system — it is costing us far more than it should — look at the taxes the ultra-wealthy pay versus the rest of us. We have to fix public education and we have to make higher education affordable to all who are qualified. If the pandemic has taught us anything, it is that no modern industrialized nation can afford not to have universal health coverage — the pandemic’s economic dislocation will cost far more than guaranteed health coverage would have. We have to face the fact that global climate change is real and probably the result of human activity — if we do not address it, it will eventually kill most of us. And finally, we have to give more than lip service to equal rights under the law. “What you do to these, the least of my brethren, you do unto me.”