Capitalism is a fool's paradise and a failure.
Then why isn't it working in America?
American quality of life is among the highest in the world.
No, it is a sh**thole.
But as for government programs, there is no such thing as a bad one, because even if it 'fails' in the sense of not fully elleviating the ill it was designed for, it exerts an excellent Keyensian effect.
If a program fails, it is to be expected. Most programs are simply short term fixes that in the long run do more harm than help. The short term narrowmindedness is easy to overlook because it works momentarily and it gets the politician who started it re-elected, but after the bill comes in and the cost to people like me and you outwieghs the worth and it didn't really do much in the first place, then it's not worth it.
It is absurd to expect a program to cure a social ill if the system which created the ill (Capitalism) remains in place. The purpose of liberal social programs is to
alleviate what is in any case a permanent ill - such as poverty or lack of social mobility.
And as I say, in any case spending itself is exerts a positive Keynesian effect whether it is an 'effective' program or not. For example it doesn't matter if welfare goes to cheats, layabouts, or the 'genuinely needy' - the point is to get money redistributed.
