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Can capitalism be reformed? by Paul Riesz 21 April 2001 23:11 UTC |
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Dear Richard: The fact that your views are shared by others and can be found in books does not constitute logical proof. On the other hand my views have proved their validity during the very long time in which Capitalism has existed WITHOUT reaching the harmful extremes, that can be observed at present. After World War II, the principles of Lord Keynes were applied in most Western societies with excellent results, softening the business cycle and resulting in vastly improved living standards for their people. It was not paradise on earth, but the regulatory intervention of governments in the economy prevented excesses and promised a better future for everybody. Even great corporations benefited from such policies and produced quite satisfactory profits for their shareholders without interruptions. These principles have not lost their efficiency, but could again be used to REFORM our society, if we succeed in guiding the energy of the millions of protesters and unsatisfied citizens into a more positive attitude of fighting not only AGAINST corporate domination but FOR a better alternative. Regards Paul
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