I'm not at all an expert, semi-expert or any kind of literate in the area of economics. Just the bare basics. With that in mind, I do have solid opinions when it comes to capitalism, to free-market enterprise economics:
Like fire, humanity needs capitalism. It's shaped history, making possible our technologies, our well-being, our way of life.
HOWEVER!!:
Laissez faire capitalism is the permitting of large campfires haphazardly lit within a dense, tinder-dry forest. Yes, we need our food cooked, and this will most certainly happen in any widespread conflagration. As well as the burning away of human rights and dignity, creating an ashen landscape leaving only the tallest, most fire-resistant trees to flourish.
Laws and regulations, formed and strictly enforced by a democratically-elected socialist government is more akin to building carefully controlled campfires after widespread ground clearance, pit-digging and rock-hedge construction has been accomplished. In time, this will safely and effectively lead to food processing facilities, forgeries, refineries and more after sufficient clearance of trees, the building of fire-containment barriers by qualified masons, and even commitment to ensuring no live sparks escape chimneys. A society of educated electorate citizens deciding what its upgradeable government regulates and how it enforces law is what we must aspire to. And its wealthiest members are to be treated with the same respect and protections we treat any other minority groups- for that is what they really are, a minority.
I think this is the direction America was heading in, with strict industrial regulations, the Environmental Protection Agency, civil rights, unions, etc. But now... We can still correct from our downward course. Maybe.
Phoenix Knight. 19apr2019