Happened to watch a debate between crazy Dick Armey, Arianna Huffington, John Kasich, and Howard Dean. I’m not so sure the debate C-SPAN aired (hosted by another organization with Joe Scarborough moderating) was the greatest ever, but it did raise an interesting question of defining Capitalism and Government vis-a-vis each other.
So, I thought I’d take a stab and see what people think.
Capitalism is meant to do and achieve those things that Government ought not do or even try, and Government’s role with respect to Capitalism is to define the collective and greater good of moral and ethical boundaries to be applied against Capitalism.
Absent of the above, Capitalism, if left unrestricted, becomes a free-for-all plain-and-simple and Government, if overintervening, harnesses its power to monopolize and maximize inefficiency.
What do you think?
