By Richard Wolff / <a href="www.commondreams.org/views/2019/05/01/yes-we-can-do-better-capitalism">Common Dreams</a>
Source: Read full article at Truthdig
As capitalism drives itself into ever-greater inequality, instability and injustice, its critics multiply. Worried defenders react in two ways. Many dismiss the criticisms. After all, capitalism has been around a long time and weathered ups and downs before. They presume or hope that criticism will fade as little really changes despite the critics, and frustrations set in. It’s just losers who complain. The winners will surely carry the system forward. Some defenders insist that there simply is no alternative to capitalism, so criticism becomes pointless.
A second sort of defenders takes a different approach. They place adjectives in front of the word capitalism and argue for some and against other such adjectives. Thus we get criticisms of statist or state-interventionist capitalism in favor of “free-market” capitalism and of “regressive” capitalism in favor of “progressive” capitalism. Greedy capitalism, we are told, must give way to “sharing” capitalism. Similarly it is said that “Crony” capitalism or capitalism without a social conscience should be dissolved.
Capitalism’s defenders of both types clearly want the basic system to…