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To: ForGod'sSake
“The (global capitalist) system is deeply flawed,” wrote Soros. “As long as capitalism remains triumphant, the pursuit of money overrides all other social considerations.” [6]

==He's actually right about that you know, but it's an incomplete statement. He should go on to say "BUT there is no better system for allocation of resources that's been hit upon either".

We no longer enjoy pure free market capitalism. We are riding on the residual momentum of what capitalism produced. The only reason we have been able to stay ahead of the big government curve--at least up until recently--is because the march of technology has kept up with the pace of taxes and government regulation. This is about to change, and is changing, with the introduction of Communist China, which is beginning to combine technology with cheap/slave labor. We are already beginning to see the effects of this in our trade imbalance and current account deficit, not to mention our national debt. It's only a matter of time before the house of cards comes crashing down, unless we recognize that our trade policy should be limited to "Free Trade With Free Countries." Don't get me wrong...I am not a Pat Buchanan isolationist...I am more of a "no aid, trade, and technology transfers" to Communist countries kinda guy.
42 posted on 10/12/2004 9:56:48 AM PDT by MereChristian
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To: MereChristian
We no longer enjoy pure free market capitalism.

Agreed, if we're talking about the U.S, and generally agree with the rest of your reply also. Globalist Soros was talking about the global economy. Multinationals haven't thought on a local(U.S.) level in decades. They can't afford to. Like it or not isolationism is probably not workable anyway.

The problem as I see it I alluded to earlier, some moral foundations are necessary to keep capitalism from becoming an all consuming monster. Capitalism is not the problem; lack of a moral compass is the problem. Where's God?

FGS

44 posted on 10/12/2004 1:25:49 PM PDT by ForGod'sSake (ABCNNBCBS: An enemy at the gates is less formidable, for he is known and carries his banner openly.)
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