Monday, May 28, 2012

Now, which system?

The 2008 financial crisis has re-open the debate on the merit of free-market capitalism as we know it. Two days ago, I was linking increase in productivity (most of us call this progress, don't we?) to the loss of employment.

That progress seems to also work at counter-current with population growth. In other words, gains in productivity are worsening the situation and augmenting the gap between the haves (those who can work and make good money) and the have-nots (those who can't work or if they do, can't earn living wages).

This would suggest that governments must be able to divert some of the extra riches created towards education, health care and sustainable energy creation. The big question this comes next is whether we can trust government to fulfill that role? Certainly not in the way and manner they currently operate.

Again the problem isn't government, it's the form of government that should be term-limited, independent from the influence of big-money and a true form of public service. Good government is not the problem, our current breed of politicians is.

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