Junputh
What has happened is that capitalism has been changed drastically by technology. Milton Friedman’s vision of Capitalism and Freedom now seems out of touch with economic reality. Yet because many still cling to it, the policy reforms we need are being blocked. Without greater public mobilization to support them, the threat to democracy will continue to grow, in America and around the globe.
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All of our plans to encounter climate change like ‘Carbon Neutral by 2050’ require long-term planning but capitalism is a system that completely blocks it from happening because we can’t just decrease profit or the entire system will crash down and bring another recession which will destroy millions of lives but more importantly decrease the net worth of billionaires.
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The government’s response to this issue has been making it worse if not doing anything. The thing about living in slums is that you have no tenure security and the government can just bulldoze your house in the name of “beautification” because nothing says pretty other than people forced on the streets.
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Car culture has also resulted in increased class and racial segregation. In early days of automobiles becoming a public obsession in the US, city planners would intentionally build low bridges around poor communities that were also predominantly black.
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