Showing posts from April 5, 2014

Is current Capitalism in U.S. really laissez faire or is it really Socialist Capitalism?

The current laissez faire U.S. Capitalism system is not pure Capitalism; as Republicans would argue because regulations hurt free enterprise. I would argue that the current system of Capitalism, is not a true laissez faire system because of Corporate Welfare. Laissez Faire is the term known as a pure unregulated form of capitalism where government would not impose any regulations, tariffs or obstacles; and it was this free unregulated Capitalism of the 1920s that caused the Great Depression of 1929. The Great Depression of 1929 ruined the US economy, collapsed banks; from this event arose new legislation and regulations to protect the people from another future Great Depression. As history occurs; politicians forget and repeat the same mistakes of the past instead of learning from them. Democrats and President Obama enacted more banking regulations but some parts of the law are not being enforced; therefore a potential for another financial market bubble. Corporate Welfare are tax p