Steve Hochstadt: For many people in the U.S., the fact that China is ruled by the Communist Party provides a ready-made answer — communism is the opposite of freedom.
Ann Robertson and Bill Leumer: Taxing the rich and using the money to finance a massive jobs program, as was done in the 1930s, can certainly substantially lower unemployment.
Shamus Cooke: The banking oligarchy is so intertwined with the political and economic establishment that real regulatory change cannot happen until the system itself is transformed from below, by a powerful social movement. Pleading to politicians to fix so-called Casino Capitalism is increasingly naive.
Robert Reich: The answer is to reform capitalism. The world’s productivity revolution is outpacing the political will of rich societies to fairly distribute its benefits.
Walter Moss: The capitalist cultures of corporations and other capitalist institutions can become more humane. Whether they will or not is another question.
David Love: If Stockholm Syndrome relates to the feeling of empathy that kidnap victims have with their captors, then certainly what we are witnessing today is a Stockholm Syndrome of those on the losing end of American capitalism.
Bill Fletcher: For right-wing populists and for too many of our own people, it is easier to blame the immigrant for our suffering than to recognize that capitalism will use whoever it can to weaken the power of working people.
Walter Moss: From the Reagan years to the present, conservatives have been fond of quoting Friedman and Hayek. Their influence can be seen in such documents as the Republican Party’s 1994 “Contract with America.”
Brent Budowsky: Whether the 2012 champion of patriotic capitalism against crony capitalism is Ron Paul, Jon Huntsman, Obama or someone else, that candidate will win a standing ovation from a grateful nation rebelling against corruption, whether that leader is Democratic, Republican or Independent.
David Kristjanson-Gural: Excluding people from having a say over what happens to the wealth we create is the first and the most fundamental way that any capitalist system undermines democracy. We are fundamentally disenfranchised in the places we work.
Sherwood Ross: Whatever the shape of the future, Raul Castro, who promised Cuba would never return to capitalism, appears to be doing just that.
Walter Moss: If consumer capitalism is indeed replaced by a new economic structure, many capitalist bricks may still be needed for any new construction. Whether we choose to attempt new building or just apply a little patching here or there is up to us.
David Love: Conservatives proclaim that they believe in freedom and the free market. But freedom never meant the right of a handful to steal most of the nation’s wealth, run roughshod over the rest of us and wreck the country for a buck.