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Sorry, Conservatives: There's No Mention of Capitalism in Our Constitution


Business  (tags: capitalism, US law, Constitution, wages, income, economics )

Freya
- 544 days ago - alternet.org
The low-wage worker movement has underscored a serious lack of understanding of basic economics by most Americans.



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Comments

Maggie D (69)
Friday May 27, 2016, 3:41 pm
There's also no mention of Socialism. The Constitution is a framework upon which the government and laws of our society is built. Thanks, Freya.
 

Darren W (218)
Friday May 27, 2016, 4:07 pm
Needs a little revision, but then so do many of your country. . .
 

Maggie D (69)
Friday May 27, 2016, 4:19 pm
Socialism, having entered the English language in 1837, would have been unknown to the founders. If they had known about it it wouldn't have been what they proposed for the new nation. Far from it, "Socialism: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods." The Declaration of Independence makes it clear that they are establishing a country free from the restraints of the King of England. Why would they put restraints on themselves? The Constitution expands on the Declaration by establishing three branches of government with checks and balances to prevent the accumulation of power in any one branch. Unfortunately, we now have a fourth and, arguably, most powerful branch of the government, the bureaucracy. When the Continental Congress retired a woman asked Ben Franklin what America would be. He replied, "A Republic, Madame, if you can keep it." We haven't kept it. It began its fall with the presidency of Franklin Roosevelt and has accelerated at breath taking speed under Obama.
 

Marco C (31)
Saturday May 28, 2016, 7:20 am
Interesting comment Maggie. But neither the "right" nor the "left" has captured the spirit of the intent of our founding fathers.

By virtue of citizen participation in government, combined with checks and balances this form of government was by design created to resist bureaucracy, monarchy, or any other form or entitled or inherited power. Nor was their any form of economic model endorsement.

The wisdom was in relying on responsible and productive citizens guided by (not dictated by) religious conviction to take turns at governance, encouraged to "represent" the views of their constituents for the sake of a safe and productive society, Not a particular economic model, nor monarch, dictator or religious caliphate. All the best attributes of each incorporated together to form the best possible outcomes for a nation.(hence the freedom to pursue many routes ie. religions, ideologies etc.) Rising waters raise all ships. Together we achieve more than any of us could as individuals.. With many strong individuals we form a strong and powerful collective. There is no one strong stone that can build a solid foundation. And the strong and powerful stone in a strong and powerful foundation does not rest on top weighing down the others, but rather lays on the bottom supporting the rest.

Smacks more of socialism than any other ideology.They came up with a strong and powerful alternative to any previously known form of government. The corruption of those ideals will weaken and eventually break this society and but for the corruption of some or those great ideals, bring to a close this great experiment and we will pass into the mediocrity of and the insignificance of everywhere else. Its why extremist views never last long. The long view, the collective view, the balanced view is stabile and enduring, powerful and appealing.

The good news is that no president, or other public official has absolute power. They must still represent our views and are subject to our oversight, unless of course we don't act.
 

Darren W (218)
Saturday May 28, 2016, 8:03 am
Socialism entering a lexicon is immaterial to the fact that it WAS BEING practiced before it was officially recognized in some journal.

Capitalism as a model has been more destructive, especially when the "commodity" being used and abused is human.
 

Patrice Z (16)
Saturday May 28, 2016, 12:26 pm
Thank you for the thought provoking article. Thank you to Marco C., too, for a great post.
 

Roger G (154)
Saturday May 28, 2016, 1:55 pm
noted, thanks
 

Clifford T (3)
Saturday May 28, 2016, 6:29 pm
The Declaration of Independence and the Constitution both had nothing to do with economic theories even though economics might have been the initial cause of the rebellion. Economics has also led to the corruption of many of those ideals espoused by the founding fathers with the abuses of the corporations and the oligarchic nature we have evolved into. The policies of FDR and later, the 'Great Society' were meant to level the playing field back to the egalitarian society that was originally envisioned. As with all great ideas we must evolve if we are to grow and maintain our progress into the future, which is where we find ourselves now at the crossroads of prosperity or oblivion. Let's hope we make the right choice.
 

pam w (139)
Sunday May 29, 2016, 8:20 am
Nobody wrote about OLIGARCHS, either. They're slowly but surely taking over. Oligarchy has always led to revolution. Just saying.
 

Darren W (218)
Monday May 30, 2016, 2:28 am
That leveling of the playing field, kind of resulted in a modern day BELL CURVE.
 
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