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Fewer Than Half of Young Americans Are Positive About Capitalism (cnbc.com)
gollum123 writes: According to a new poll from Gallup, young Americans are souring on capitalism. Less than half, 45 percent, view capitalism positively. "This represents a 12-point decline in young adults' positive views of capitalism in just the past two years and a marked shift since 2010, when 68 percent viewed it positively," notes Gallup, which defines young Americans as those aged 18 to 29. Meanwhile, 51 percent of young people are positive about socialism. This age group's "views of socialism have fluctuated somewhat from year to year," reports Gallup, "but the 51 percent with a positive view today is the same as in 2010."
I think you mean the US lead protection of the legally elected South Korean government from violent socialists of North Korean after North Korea, with support from the socialists of China and the USSR, invaded South Korea on 25 June 1950.
Learn fucking history and stop blaming the U.S. for shit socialists did, asshole.
There is no "-1 offended" or "-1 you don't agree with me" mod options for a reason.
Like roads and bridges ?
Yes. Roads and bridges are capital.
Every country in the world has a mixed economy, with some socialism, and some private production. In America, the government builds roads, bridges, and airports. North Korea has private vegetable markets. Cuba has small private restaurants (which can't hire more than 2 people).
You can go too far in either direction. North Korea and Cuba are 90% socialist, and are impoverished. Somalia has almost no government spending on roads and ports, and is also impoverished.
The "sweet spot" is about 30-40% socialism and 60-70% capitalism. That is enough for infrastructure and a social safety net, but not enough to stifle innovation and economic growth.
Try the alternative. Medical bankruptcy is pretty common.
Common where? I'm sure that it happens, but I'm in my mid 60's and no one I've ever known even slightly has had a medical bankruptcy.
Common in the US. Depending on how you define a "medical bankruptcy", estimates range from 250,000 - 640,000 medical bankruptcies per year in the US. Split the difference and you have just under half a million medical bankruptcies per year, or about 1 in 300 households per year. Considering less than 20% of bankruptcy filers are repeat filers, my guess is only around 1 in 150-200 households ever declare a medical bankruptcy.
I'm not sure how many households you are close enough with for them to admit a medical bankruptcy with you, but it could easily be under 200. Medical bankruptcies can certainly affect millions of people per year and you could still not really notice it in your life. That doesn't mean it isn't happening though.
-- All that is necessary for the triumph of evil is that good men do nothing. -- Edmund Burke
The system we have isn't Capitalism, it's Cronyism.
So you're saying "that's not REAL capitalism!"? :-) funny that many don't let socialists get away with making that same argument.
Can you point to a time when we *didn't* have cronyism? Because the last time we had such concentrated wealth and lack of regulation and oversight was the Gilded Age, the height of cronyism and poverty. If you're referring to economic prosperity since the world wars, that comes partly from being the major economic power left standing as well as FDR's New Deal and progressive reform that actually took very strong cues from Socialist Party demands (the Socialist Party was actually winning seats in Congress and state legislatures as a third party and that was enough to scare the establishment into giving into some of the demands). So in modern US history we've actually done the best with progressive/socialist reform and the worst under deregulated "free market" capitalism (that quickly becomes cronyism).
So why is it so wrong to point out we've never had real full socialism either and should give it a chance? Socialism is about economic democracy instead of the economic dictatorship of CEOs under capitalism, what's so wrong about democracy?