"Capitalism without responsibility or proportionality degrades into racketeering and exploitation. The prospect of limitless pay is an open invitation to bad, or even criminal, behaviour. Good capitalism cannot happen without referees to blow the whistle or robust frameworks in which markets can function; neither is reliably created by capitalism itself, hence the role of democratic government."
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This is why we must be careful of those "saviours" and "do-gooders", such as Peter Schiff, etc, who use the word "socialism" as though it is some kind of evil.
The problems we have now are caused by unregulated capitalism. The capitalists took over the US govt and removed the regulations & the referee.
