19 Dec 2019
Ideology: Capitalism (Version 2.0)
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
Socialism in theory is a noble idea but in practice it does not work and fails miserably.
Take for example the former country of Yugoslavia, a socialist state which completely imploded and from which my parents migrated in 1971 to come to Australia, a liberal capitalist democracy that continues to offer opportunity.
The attached piece helps to explain why capitalism is in fact the best ideology but it also talks about why it needs to evolve into an improved version 2.0 of itself.
The single minded pursuit of profit at all cost and without boundaries can only result in extreme inequality (much worse than today) which will eventually be followed by social chaos and the breakdown of society.
Everyone loses.
Capitalism must evolve into version 2.0 if it is to continue to work and serve society.
Click to read.
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