{"id":1267,"date":"2012-07-30T14:08:30","date_gmt":"2012-07-30T14:08:30","guid":{"rendered":"http:\/\/sol-biotech.com\/wordpress\/?p=1267"},"modified":"2012-07-30T14:08:30","modified_gmt":"2012-07-30T14:08:30","slug":"not-sure-how-i-feel","status":"publish","type":"post","link":"https:\/\/sol-biotech.com\/wordpress\/index.php\/2012\/07\/30\/not-sure-how-i-feel\/","title":{"rendered":"Not sure how I feel…"},"content":{"rendered":"

Why Capitalism Has an Image Problem
\nCharles Murray examines the cloud now hanging over American business\u2014and what today’s capitalists can do about it.
\nhttp:\/\/online.wsj.com\/article\/SB10000872396390443931404577549223178294822.html?mod=googlenews_wsj<\/a><\/p>\n

I got no idea who this Charles Murray guy is and am more than a bit dubious when the tag at the end of his article is this:<\/p>\n

Mr. Murray is the author of “Coming Apart: The State of White America, 1960-2010” and the W.H. Brady Scholar at the American Enterprise Institute.<\/p><\/blockquote>\n

Having said that, there are some interesting elements in it. Just as democracy has proven to be a terrible form of government (but better than all the other alternatives) (paraphrased from Winston Churchill), capitalism is probably a horrible means of distributing society’s wealth, just more effective than any other. I do not now believe that unbridled capitalism is ever a good thing (I did think that as a youth, though), I think that constraints need to be put on to keep things from getting to the point where it does more harm to society than it benefits (today is a _perfect_ example of capitalism run amok). For example, the author complains about EPA, OSHA, etc. workplace regulations and how meeting them provides a barrier to entry for smaller organization and thus should be done away with. I consider that argument flatly wrong, (many of) those regulations were put in place to keep workers safe from the excesses of capitalism (e.g., cutting safety corners to maximize profit). If a new entrepreneur can’t find a way to compete in a given regulatory environment, then she should direct her attentions elsewhere. I agree very much, however, with the author’s assertions that our current system is out of control and incapable of benefiting society, but I don’t think the answer is to get rid of the system. Our system is corrupt, that is no doubt, so eliminate the corruption, not the system.<\/p>\n

I won’t drone on about this article; I flip flop back and forth liking and hating it. I do, though, think it is something that might interest my reader(s), so wanted to post it here for your consideration.<\/p>\n","protected":false},"excerpt":{"rendered":"

Why Capitalism Has an Image Problem Charles Murray examines the cloud now hanging over American business\u2014and what today’s capitalists can do about it. http:\/\/online.wsj.com\/article\/SB10000872396390443931404577549223178294822.html?mod=googlenews_wsj I got no idea who this Charles Murray guy is and am more than a bit dubious when the tag at the end of his article is this: Mr. Murray is … Continue reading “Not sure how I feel…”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,19,16,12,3,10],"tags":[],"class_list":["post-1267","post","type-post","status-publish","format-standard","hentry","category-business","category-economics","category-government","category-law","category-politics","category-society"],"_links":{"self":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=1267"}],"version-history":[{"count":1,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1267\/revisions"}],"predecessor-version":[{"id":1268,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1267\/revisions\/1268"}],"wp:attachment":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=1267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=1267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=1267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}