mozzaok
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OzPolitic
Posts: 6741
Melbourne
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Socialism, as a principle, is fine, and in many ways, far more benevolent than Capitalism, but both are subject to the abuses that flow from individual greed and corruption, ultimately it all boils down to "POWER", and who gets it, and how much they are allowed. Capitalism, with good governance, is probably the more likely way to achieve a fair and decent society, but the critical factor is the good governance, without that we see the unfettered exploitation of the powerless.
The particularly worrying aspect of our current global economic crisis is the open subjugation of good governance, in return for money.
Individuals, and Corporations, with more money and power, than Nations, sees them wield the power to set the needs of the Nation, behind the needs of the company.
Fake money, created out of thin air, is a modern invention, and you don't have to be Nostradamus to predict a bad outcome from that scenario.
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