Reply #5: Yes, the inefficiencies of capitalism are always ignored. [View All]

[immoderate]

Corporatists are always happy to point out the inefficiencies of government operations, even though government has run some of the most efficient agencies in our history. When the point to the success of companies, they always point out the winners, conveniently ignoring the 80% of companies that fail. How can private enterprise be so efficient if four-fifths of companies go under?

And as the good professor points out, the capital tends to accumulate with what we call the "winner." The aim is to destroy the competition. In such a system, the losers will always outnumber the winners. How can you feel good about that? Testing the limits, is it desirable for one person to own everything? That is the inevitable outcome.

Boy that Einstein was smart!:)

--IMM