Monday, May 25, 2009

Capitalism Produces Rich Bankers, but Socialism Produces Happiness | CommonDreams.org

Capitalism Produces Rich Bankers, but Socialism Produces Happiness | CommonDreams.org

Socialism is better than capitalism. So say 20 percent of Americans, and another 27 percent say they can't say which is better, according to an April 9 Rasmussen poll.

There's hope. ...

No less a "capitalist tool" than Forbes Magazine let a red cat out of the bag with a report this month that the happiest countries tend to be Scandinavian socialist democracies. High per-capita GDP certainly plays a role in their felicity, but even social democratic New Zealand, with per-capita GDP only 64 percent of the United States', ranks with the 10 democracies above us in the happiness index. They pay high taxes in these pinkotopias, but folks enjoy entitlements like free college, extensive elder care, and 52-week paid maternity leave.

... For example, our Auto Industry Task Force just bankrupted GM and Chrysler, fired tens of thousands of employees, extorted immense sacrifices from active and retired autoworkers, and is dominated by the investment bankers who absorbed trillions in national wealth to keep themselves rich after destroying the economy.

Instead of seizing plants as our Canadian comrades are doing, or adding "bossnapping" to plant occupations as the French have done, we shake our heads as the union negotiates the terms of surrender. ...

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