Logan: The reason laissez-faire capitalism does not work in Europe is because it leaves too many people behind who end up in poverty. Americans despite their evident religious zeal can ignore that. Europeans can not.
“Laissez-faire” capitalism does not work anywhere. Neither does strict socialism. Neither does the implementation of any economic system when those who preside over that system choose to adhere to strict dogma and ignore the reality of despair of those who are ‘left out’ and the corruption among some who thrive. And under any system, when these disparate groups grow – when the numbers of people who live in constant despair increase and at the same time, the numbers of successful but corrupt people increase to the point at which together they are a majority of all people, instability arrives and revolution is not far behind.
Yes I agree with this. As I mentioned way back in this thread, capitalism needs some kind of regulation because it’s prone to corruption which can then lead to oppression. You’d hope that the medical profession would be regulated so why not the banks for example? We’ve just seen how much damage they can potentially cause to people’s lives when left to their own devices.
Logan: It’s a social democratic partnership not ‘forcible taxation’, which for me personally is an odd phrase.
Thank you. I agree with everything in your post.
People often don’t think of taxation as being forced upon them because most of it is taken covertly. Income tax is taken before people get paid, tax on investment returns is taken at source, VAT is included within the marked price of goods, etc. Also people are somewhat resigned to paying taxes from the moment they enter the big wide world, and they assume it’s “ok” because everybody else has to pay them as well. But that doesn’t alter the fact that you cannot refuse to pay taxes without the threat of legal action being taken.
It becomes more apparent (or at least it should do) that taxes are forced upon people when they start to see them being spent on things they don’t want them to be spent on. A good example is the recent bank bailouts: the entire financial system was under threat by banks having become too big to fail and money was needed to prevent them from collapsing – where was it going to come from? Did anyone voluntarily come forward and offer to pay up the billions needed? No the failing banks were bought by their respective governments, i.e. the tax payer, because ultimately the tax payer has no choice in the matter.