ledhed
I really do not believe that a strict capitalist society will work in the US. As a philosophy it sounds good but in the best interest of the country I feel its unworkable. You will have more civil unrest as a result of the class system that you will set up , the haves and have nots, if you will.
I think ledhed has nearly got it right here (though his post goes somewhat downhill after.) No, I do not believe in "sacrificing" the strong for the weak. Nicely loaded question, by the way. But I would argue that it is an essential role of government to mitigate the disparity between the strong and the weak. Why? Because, left to their own devices, the strong will become stronger, and the weak weaker. In the long run, this is not a healthy development for either. Look at history. With few exceptions, societies organize themselves into pyramids, with a few at the top, and many at the bottom. This is, no doubt, inevitable. The trouble starts when the disparity between the top and the bottom becomes too large; one Pharaoh, a million slaves, or, as a more modern example, a handful of landowners and a million people cutting sugar cane for a dollar a day. The eventual result of the concentration of more and more wealth and power in the hands of a few can be summed up in one word; Guillotine!! In the long run, the weak, who are many, will topple the strong, who are few, by violence. And the cycle will begin again. The genius, such as it is, of the "American" system, is not in a reliance solely on capitalism or free enterprise, but in coupling these concepts with the idea of "democracy".
ledhed
the peoples republic of New Jersey's governor is buying adds that ask for the "people" to call their reps with support for his "fair" tax reform bill that cuts property taxes for the poor and raises taxes for " millionares" those making over 500,000 a year who can most afford it..wtf is fair about that ? And why would a damm Governor put that in a radio add ?
Why indeed? Because the strong are few, and the weak are many, and those many can all vote. This combination of capitalism and democracy creates a fluid dynamic. While the very wealthy are always in the "strong" camp, and the very poor are always on the "weak" side, a lot of people in the middle have a foot in each camp. When more people see themselves as "strong", laws are enacted to benefit the strong, such as reductions in the maximum tax rate on capital gains, or elimination of the inheritance tax. When more people see themselves as "weak", laws are enacted to benefit the weak, such as the 40 hour work week, with 1.5x overtime, or a prescription drug benefit. If the system works well, an equilibrium is achieved, and the cycle of concentration of power and subsequent revolution is avoided. This is of course a simplification of a highly complex social interaction. People may side with one party on taxes, and another on health care, depending on their own circumstances.
I'll end with a hypothetical or two:
Was it fair or just for King George and the English nobility to be denied the money that they earned from their ownership of the American colonies, when those colonies revolted and became the US?
Should an individual whose intellect has deteriorated due to exposure to Ayn Rand be denied psychological counselling, just because his .com has gone bust and he can't afford it?