Social economics and views on socialism vs capitalism

Doing some research on new views about social economics, contemporary views on political paradigms, etc.

On http://en.wikipedia.org/wiki/Social_capitalism

"Traditional capitalism too often was designed for partial economic suitability for strong capitalists. On the other hand, traditional socialism is too focused on central planning leading to a bottleneck economy.

Invariably central planning impoverishes society and prevents a rational allocation of resources. It is necessary to have a new economic system to break through problems inherent in capitalism and socialism.

This is named “Social Capitalism” with both the concept of traditional capitalism and socialism underpinning a more powerful market-based system. Government should behave itself like one big firm to manage the public sector and the nation in total to create greater profit opportunities for entrepreneurs.

In order for realizing the social capital system, the Government must take an initiative role of corporate management system, and invest in desirable future industry or technology for changing society toward richer and happier state."

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Bold emphasis added above. "Government should operate as a firm". I.e. As a business, with profit targets. I'm not so sure about that. Still sounds like it will get it's meddly hands into too many areas of life. And sounds too much like the Imperialist Corporatism of the US and Europe.

The sole function of government as a protection of individual liberties as instituted by the US Founding Fathers and represented in the US Constitution seems far more favourable.

But let's keep an open mind and keep exploring…

Originally posted 2009-08-15 17:06:47. Republished by Old Post Promoter

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