Extant the fact that free-market capitalism is perhaps the wrong term to use here, this is still another mesmerizing animation from the RSA folks!
Then again, there are several other flawed arguments in the animation above (capital does not equal paper money; Marxism is not the answer to 21st Century realization of long-brewing economic imbalances; you cannot collect $200 unless you actually pass GO)
Of course, retroactive editing is a marvelous thing for one’s reputation, but the argument holds: our nature as modern consumers prevents us from being able to invent new models for social and business welfare. Are “Capitalist” and “Marxist” the only two options? We scoff at the idea that we might be wrong while the opportunity still remains to learn and course correct. We paint our situations, our challenges, and our solutions with bold strokes, but always tend to use the same colors…
Shakespeare’s Isabella put it well, when she said:
“…man, proud man,
Dress’d in a little brief authority,
Most ignorant of what he’s most assur’d—
His glassy essence—like an angry ape
Plays such fantastic tricks before high heaven
As makes the angels weep; who, with our spleens,
Would all themselves laugh mortal”.
William Shakespeare – Measure For Measure Act 2, scene 2
Will more stimulus be our salvation or our death knell? Are we in a recession, or entering a Depression? I’m no economist, but I do know that tens of thousands of Californians who would love nothing more than to be gainfully employed just fell off the unemployment benefit rolls, with no job in sight…