The capitalist economic system has major failures. It generates extreme, socially divisive inequalities of wealth and income. It consistently fails to achieve full employment. Many of its jobs are boring, dangerous and/or mind-numbing. Every four to seven years, it suffers a mysterious downdraft in which millions of people lose jobs and incomes, businesses collapse, falling tax revenues undermine public services, and so on. If these failures were widely perceived as the inherent failures of the capitalist system, the desirability and thus sustainability of capitalism itself might vanish. Read more.
As Bernie Sanders continues to increase his standing in the Democratic primary, and his opponents in both parties feel the pain, there is an effort to paint him as an extremist of some sort. Someone who might even lose to...read more.