I viewed the Michael Moore video, Capitalism: a Love Story yesterday. It's worth watching. It was disturbing, but not because he brought to light anything I didn't already know, but because his conclusion was that capitalism is evil. He suggests it be replaced by democracy. Huh?
Capitalism is an economic system, whereby ownership in business can be private. Democracy is a form of government in which power is vested in the people and exercised by them or by their elected agents under a free electoral system. Is Moore suggesting that our economic system should be government controlled?
All of the actions in the film that were deemed evil were actually greed run amok. Greed happens in every form of economic system and type of government. We don't need a new economic system, we need to find ways to combat greed. A new type of capitalistic venture, the B (benefit) corporation is a step in the right direction.
Does our economic system and government affect housing? You bet it does. Housing won't recover until the government takes action to cure our country's major problems and get the economy moving.
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