Capitalism

I like Capitalism, but not our form of it. Our form encapsulates the unhealthy uncapped incentives to drive the markets into a feeding frenzy, eventuating in their own destruction; then re-build.

The model - painful as it is - actually works well, as far as we know. What we don't know is the "tipping point" where it will no longer work well. Economics is a science that attempts to track its own change and mutation, as well as that of its subject matter. Quite a trip! I think there must be an Economic Heisenberg Uncertainty Principle not yet formulated somewhere. Economics is a hunting dog that thinks it is pointing at the hunter's prey, but actually is running after its own tail. I think I have characterized Economics well, for look at Alan Greenspan: every attempt at control and every claim to knowledge shattered in a head-on with Reality. Reality gets out of its Mercedes, brushes itself off, exchanges insurance info with the still thoroughly dazed Greenspan, and takes off on foot to the nearest auto lot.

Economics is one of the few areas in life where Conservative thought embraces the concept of non-restraint. Consider personal and public morals; Conservative thought has always advocated restraint and  "meden agan" - nothing in excess. I think it would be interesting to walk through society and discover where and when it counsels prudence and where it urges madness :  Apollo versus Dionysos again - the trained and ruled opposed to the wild and undomesticate.

Perhaps this explains why we have no tradition of Moderation anymore, except in those instances where to betray Moderation would eventuate in death and destruction on an enormous scale, such as MAD scenarios for nuclear warfare: moderate megatons means moderate megadeaths.

Give it words! Give it Image and Icon! Don't call it some sort of Capitalism... an economic system based on principles of equity and moderation and ecology need not be considered "Son of Capitalism Rampant", like Richard the Lion Heart need not ride Henry II's coat-tails, for he was a mighty individual on his own.
Our present line of progress leads two major ways:
(1) a future stagnant with old concepts from the 20th and early 21st centuries, and a world oppressed by the burden of seemingly benign superpowers allied under NATO or its spawn... and order enforced by the militarization of Space. In this scenario, we are condemned to the the generation that allowed the world to be split into a 1984 of power blocs, all allowed their oppressions and exploitations up to the limit allowed under that future regime which enforces its will from weapons in Space,

or
(2) something better. Not necessarily new, but new in spirit.
Let us learn the lesson that the past 30 years have been screaming at us, but we seem to be ignoring:  if you do not act moderately and morally, you will create enormous concentrations of power and information and energy which you will not be able to control. It is then the Tower of Babel falls, then the Dow plummets 7,000 points, then brother fights against brother; there is no guarantee of survival. God may have promised not to destroy mankind again by flood, but ...  what if the deluge comes from elsewhere? [ note: I wrote this about 4 hours before the Dow fell 1,000 points.]

Please explain how so much wealth can be amassed on Wall Street, but we cannot find enough fish in the sea? Please explain the growth of weapons of war, but we cannot teach children to read? Explain why we are so good at enabling the arts of the things which will destroy us, but cannot come to grips with the things good for our souls?

Our lives are a tightrope between entropy and chaos, and between too much and too little.
I think of it as The Middle Way. Brainy types of an evangelical stripe aren't happy that it smacks too much of the Buddhist. I usually tell them to please be moderate in their intolerance at the mixing of God and the thoughts of any man, who is an offspring of God. The Scenario of the Future is Freedom, and freedom means we are free from our old chains, and it means that if I utter a word, it is not bound to be free, nor is it bound to be limited: it is what we say it is.