It is not just George Soros, the hedge-fund billionaire, who cheerfully describes himself as a class traitor and has been worrying about the shortcomings of what he calls free-market fundamentalism for decades, anymore. Among the plutocrats, this once-radical perspective is going mainstream.
You could see that in London in late May, at a conference on “Inclusive Capitalism.” In the graceful, gilded rooms of the Guildhall, the historic seat of the City, one of the world’s two centers of finance, international investors controlling $30 trillion worth of asset–one third of the global total—gathered to discuss, as Paul Polman, the CEO of Unilever, put it, “the capitalist threat to capitalism.”
Capitalism, Polman and Lynn Forester de Rothschild, the conference’s organizer, wrote in an introductory essay, “has often proved dysfunctional in important ways. It often encourages shortsightedness, contributes to wide disparities between the rich and the poor, and tolerates the reckless treatment of environmental capital. If these costs cannot be controlled, support for capitalism may disappear.”
What fools. They will reap their own demise and don't even know it. All you have to do is look at countries like South Korea and China and see what Capitalism has done to right the wrongs of keeping people down and see the Tsunami of Capitalism that has lifted boats.
What shear, utter nonsense that people so smart can be so stupid. It goes to show that you can be smart and foolish all at the same time. With the huge successes of Capitalism, it's easy to see that we don't need less of it. We need more it!! "Income Inequality" is brought about by government policy, not IN SPITE OF IT.
I am afraid that even after all of the successes, we are staring at the beginnings of the end of Capitalism, free thought, and unleashed imagination and entering a dark, oppressive greyness that means everyone will be equal - equally destitute. We should mark this moment as the End of Man.
Inclusive Capitalism is yet another tactic of Leftists (Marxists) to overthrow Capitalism. But this one looks to be sticking.
The use of the quote from Jefferson is nauseating. The early Americans REJECTED SOCIALISM. The Pilgrims' experiment with it failed miserably. They realized that people needed to take ownership and must be the sole entity responsible for their well-being. I am OFFENDED by the use of Jefferson's words. If he were alive, Jefferson would be too!!