In the article, "It's not about socialism, it's about rescuing capitalism", Harold Meyerson points out that saving the capitalist system that is currently in place in America, may take actions that appear to be socialist. The government has to step in if Americans do not want large companies to fail. In a true capitalist economy the banking and automotive industries would have already failed due to the economic breakdown that occurred. People screamed for the government to step in and help and some of those same people are accusing the President of being a socialist. I wish they would make up their mind of what they want before they start asking for governmental influence.
I do agree with this author’s point of view, in that our past capitalist actions have lead to somewhat of a socialist input from our government. This should be a lesson that a capitalistic economy needs governmental regulations due to the fact that the motivation of the large companies is greed, which will lead to problems in the future, as we are now witnessing.
