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Capitalism is a social system based on the principle of individual rights. Politically, it is the system of laissez-faire (freedom). Legally it is a system of objective laws (rule of law as opposed to rule of man). Economically, when such freedom is applied to the sphere of production its result is the free-market.
Direct democracy As on the federal level, all cantons provide for some forms of direct democracy. Citizens may demand a popular vote to amend the cantonal constitution or laws, or to veto laws or spending bills passed by the parliament. General popular assemblies (Landsgemeinde) are now limited to the cantons of Appenzell Innerrhoden and Glarus. In all other cantons democratic rights are exercised by secret ballot.
America is a place to be different and a place for misfits. I don't want to conform to what other parts of the world do and I certainly wouldn't want us to model our Government based on Socialism
“In our dreams, people yield themselves with perfect docility to our molding hands. The present education conventions of intellectual and character education fade from their minds and unhampered by tradition we work our own good will upon a grateful and responsive folk. We shall not try to make these people or any of their children into men of learning or philosophers, or men of science. We have not to raise up from them authors, educators, poets or men of letters, great artists, painters, musicians, nor lawyers, doctors, statesmen, politicians, creatures of whom we have ample supply. The task is simple. We will organize children and teach them in a perfect way the things their fathers and mothers are doing in an imperfect way. ~ First mission statement of the J.D. Rockefeller-endowed General Education Board in 1906
originally posted by: TheConstruKctionofLight
a reply to: nwtrucker
I think you are the one who is deluded and never travelled outside his home state let alone the rest of the world.
So why is it so many companies form alliances and push State governments around the world to privatize essential services like water and power utilities. They promise to give "x dollars" to the State to help them with their deficit. They never offer any true value for the billions of $ worth of infrastructure and piping that the taxpayer paid for.
The new Utility in private hands now has an endless stream of customers and a revenue stream. The task of maintaining the ageing infrastructure usually falls back on the Government. The Privatizers usually increase charges over and above the CPI or inflation %.
What does the "capitalism" cronyism that usually hold the same board of directors ever give back in the name of social programmes or investment in Universities or public health.
I noticed the cry on ATS when the Obama new health premiums were implemented, some people paying as much as $800 per month more. Whilst Australias and britains national free healthcare has room for improvement at least our people arent out on the streets.
BTW we were in the USA in 6 states 2 months ago and saw it with our own eyes - the divide between the poor and the super rich. The Ads on TV pushing drugs and clinics to "normalize" your burnt out people spoke for themselves. The huge portions of food in restaurants whilst minimum wage is paid, and workers needing tips to survive.
Go the Repubic /sarcasm?
Capitalism at its finest.
It is a product of purposive action on the part of governments.
Not all economists were fooled by the "natural-monopoly" theory advocated by utility industry monopolists and their paid economic advisers. In 1940 economist Horace M. Gray, an assistant dean of the graduate school at the University of Illinois, surveyed the history of "the public utility concept," including the theory of "natural" monopoly. "During the 19th century," Gray observed, it was widely believed that "the public interest would be best promoted by grants of special privilege to private persons and to corporations" in many industries. This included patents, subsidies, tariffs, land grants to the railroads, and monopoly franchises for "public" utilities. "The final result was monopoly, exploitation, and political corruption." With regard to "public" utilities, Gray records that "between 1907 and 1938, the policy of state-created, state-protected monopoly became firmly established over a significant portion of the economy and became the keystone of modern public utility regulation." From that time on, "the public utility status was to be the haven of refuge for all aspiring monopolists who found it too difficult, too costly, or too precarious to secure and maintain monopoly by private action alone.
originally posted by: ketsuko
a reply to: deadlyhope
That is not exactly the best idea though. The will of the people is very fickle. Some things need long-term commitment in order to have a chance of working, but not many people in our society today are willing to have that kind of patience.
Not to mention, not many people have a real understanding of what something would mean for them, short or long-term. How many people were able to look at and parse the realities of Obamacare as opposed to those who simply bought the promises made, for example?
How many people think that socialized health care simply means "free" health care without understanding all the underlying realities of such a system: the extra taxes, the bureaucratizing, the lack of choice, the rationing, etc.