Without a gold standard in our economy, stability comes from predictability, like Social Security. Such long-term contracts with broad effects contribute to a base of confidence where speculators can set their feet and build a consumer market. The existence of enduring contracts is more important than their merits.
We need adventurous investors, and they operate best in an environment with safety nets for labor, consumers, and themselves. We need capitalism with strict and enforceable regulations to protect the laborer, consumer, and investor, or we need a socialism that encourages innovation with profit from the market.
Capitalists who think well of their descendants desire that consumers and laborers find food, clothing, and shelter within reach. Socialists want innovators who contribute to the common good to be rewarded.
Republican’s capitalism is destroying regulations and lives. Their quest for profit is destroying U.S. capitalism because they’re destroying capitalists’ markets.
