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Thread: Has capitalism failed?

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[quote=DODGER,332176]I read this letter in the Times today.
I thought it clarified a few points quite well.
“To tell the truth, most Americans don't like socialism. As a conservative, allow me to offer my world views for your consideration, as it may clarify the typical conservative point of view. Hopefully, this will lead to less confusion and misunderstanding with my European friends.
Most Americans agree that socialism is not a good idea. It's typically (though not universally) considered to be a pejorative in politics. "Socialism", to us, means that the government disproportionately takes money from the wealthy to redistribute to the poor to ensure a lifestyle for them. This is seen to be negative for two primary reasons. 
First, it's widely believed (at least by American conservatives), that any person can become wealthy by working hard and making good decisions. For this reason, wealth is a measure of success for many Americans. Socialism is viewed negatively because of the view that our "success" will be taken away by the government, and given to people that did not work as hard.
Second, and concordantly, because of the upward mobility afforded by American Capitalism, the people who become "rich" typically are the ones who have made the best economic decisions.[/quote]

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