Capitalism: A Love Story

For the person taking issue with the use of the word “equitably.” I said and will say again, “Capitalism AS WE HAVE PRACTICED IT in this country hasn’t ‘worked’ or worked equitably for a long time if ever.” You said, “I prefer equality where we all have equal opportunities not necessarily equal outcomes….” Equal opportunity is what I and most everyone I know and work with ask for, nothing more and nothing less. I am a capitalist. I want a capitalist system that works equitably. The reason capitalism AS WE HAVE PRACTICED IT in this country doesn’t work, isn’t working and is demonstrably failing in many, many ways is not because we don’t have equal outcomes. We’re not going to have that under capitalism. What we CAN have is an equitable system that works equitably, one where we have equal opportunities and recognize how a lack of that in the past continues to limit the choices of many, many people. The vast and growing unequal outcomes are an indicator of continued unequal opportunity. Admitting that and fixing it will not produce equal outcomes. It can produce less inequality that is the result of unequal opportunity. That comes from a managerial economics course in a very capitalist school of business in a southern public university that is all about and in favor of capitalism.

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