Re: Capitalism

Originally Posted by
VanChilds
I didn't realize how old this thread was. In regards to capitalism, wealth redistribution etc. There is no question that our financial system has run amuck and that our government, democrats and republicans alike, failed to do anything about it. I think our country is seriously lacking in accountability. The blame cannot only be place at the top of the financial food chain. American's have come to a sense of entitlement. They are supposed to own a house, buy a new car every couple of years etc etc. As a Staff Sergeant in the Army I epitomize the middle class. My wife and I bought cheap, efficient and reliable cars; we don't carry revolving credit, saved money for our upcoming home purchase, put money into a savings and retirement account every month and overall take an active role in our finances. We are not the rule amongst my co-workers or friends. American middle and lower economic classes must take some ownership for closing the gap. You can't have a country that offers the possibility of tremendous wealth and success w/o the prospect for absolute failure.
I agree with what you say here. The reality of the current situation however is, if certain institutions do fail we as a nation do not have the infrastructure to stabilize the economy. I completely agree that at a personal level people need to setup a budget and a savings plan. Also individuals need to understand what is a good affordable deal for a loan
and what is not. One of the trickiest things to sustain a capitalist economy of the magnatude we have now, we do have to spend.
I think one of the best things the government could do right now is make available a free excel spreadsheet that people could fill out to determine
what there budget is, not as a mandatory thing of course, just to have and use.
For every story told that divides us, I believe there are a thousand untold that unite us.
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