Is there any nation on the planet that has "unrestrained Capitalism"?
The US has, at times, lacked the rational restraints on our capitalistic system to prevent economic crises such as the Great Depression and the very recent Great Recession. We are in "recovery" from the Great Recession, but haven't put in place the rational restraints that will prevent such a disaster from occurring again.
Well, what are they? What are these rational restraints? Greece has all manner of government controls, doesn't it? China's got communism, people say, and it's facing fiscal crisis.
Do you have a clear idea what's needed, or is this one of those "We've got to do something
That is not such a bad thing for those who are too rich to fail, but is devastating for the poor and middle classes, especially when social safety nets are taken away. The wealthiest will do well regardless. A bust economy sets the conditions for exploitation of the rest of the population by those who have the will and the facility for making money simply for it's own sake.
"The wealthiest do well regardless." That's a little like noting that the organisms that survive to pass on their genes are evolutionarily successful. It doesn't mean much. Yesterday's successful organism is today's extinction. There's actually a pretty high turnover among the rich. Fortunes are made and lost. The poor become rich and the rich become poor and pass through the stages in between.
The economy is in "recovery", now, but it consists of the wealthiest, at the top of the economic food chain doing exceptionally well, while 50% of Americans are near or below the poverty line.
That's so weird, since we're spending so much right now on higher Social Security payments and on food stamps, and didn't the Democrats tell us that few things return more dollars to the economy than food stamp spending? If we could cut defense spending and plow it all into food stamps then maybe we'd see an economic boom. What do you think? Bush must have really screwed things up (yeah, he boosted spending, but not enough on food stamps) or else Obama's policies would have this economy humming.
This poverty rate has been growing consistently and will likely continue to do so.
Unions have been neutered. So there is no help for workers there. Right wing ideologues who want to do away with governmental regulations on corporations have gained political power to the point that the Congress is effectively paralyzed.
And with Congress effectively paralyzed, what chance do they have of doing away with governmental regulations on corporations? Zip?
The problem is not a lack of power to regulate the economy. The problem is that the people making the decisions about how to regulate the economy don't know what they're doing (Hayek).
And wealthy interests use lobbyists to direct what little Congress does do in favor of their own interests. So no help for common workers there. Many of the common workers, themselves, i.e., Tea Partiers, have bought in to the trickle down tripe. So no help there.
Which brings us back again to ... what do you think would help?
We are on track to have the continuing growth of economic disparity between the few wealthiest and the many poorest citizens. The American Dream is dying a slow death for most Americans.
Well, then we could just fix the growth of inequality by capping income and wealth. Where do you want the caps? With wealth and income capped, that money will surely find its way to those in poverty(?).