History Is On The Side Of The

If We Are Really Serious About Preventing Another Crisis Like The 2008 Meltdown We Should Simply Ban Complex Financial Instruments, Unless They Can Be Unambiguously Shown To Benefit Society In The Long Run. This Is What We Do All The Time With Other Products-drugs, Cars, Electrical Products And Many Others.

Between The Great Depression And The 1970s, Private Business Was Viewed With Suspicion Even In Most Capitalist Economies. Businesses Were, So The Story Goes, Seen As Anti-social Agents Whose Profit-seeking Needed To Be Restrained For Other, Supposedly Loftier, Goals, Such As Justice, Social Harmony, Protection Of The Weak And Even National Glory.

Equality Of Opportunity Is Meaningless For Those Who Do Not Have The Capabilities To Take Advantage Of It.

Culture Changes With Economic Development.

Once You Realize That Trickle-down Economics Does Not Work, You Will See The Excessive Tax Cuts For The Rick As What They Are -- A Simple Upward Redistribution Of Income, Rather Than A Way To Make All Of Us Richer, As We Were Told.