Posted 3 years ago on Nov. 4, 2011, 7:19 p.m. EST by number2
This content is user submitted and not an official statement
This is to supplement another thread. The truth is that we have a mixed economy: part capitalism and part socialism. The US constitution has the interstate commerce clause. That wouldn't be a 100% laissez faire capitalist document.
On the other hand a 100% socialist economy wouldn't work for a day. In fact if you get over 50% socialism you are in trouble. Look at Greece. Look at us: can't pay social security, medicare, medicaid and other social programs because we are bankrupt.
When more people take than put in, then you go in to debt and it's a matter of time, from there. On the other hand, I think we can see that laissez faire didn't work out so well for the banks.
What should we do then? Well this country with it's mixed economy has been the most prosperous nation in the world. Let's go back and copy what we did in the past. I think it is about an 80/20 capitalism/socialism ratio. I say this because if I am given the choice to take a free ride I'll do it 100% of the time. And so will you.