''Occupiers' fare better than Wall Street'

He made good points that yes capitalism is better than socialism, but they are both failed systems when it comes to the value of life.

That depends on who you ask. In countries where capitalism is implemented, a reduction of life expectancy of a worker, an increase in crime and other social ills are a direct result of unemployment. Marxists insist that socialism would eliminate unemployment in a more effective manner than capitalism--especially during times of severe recession. So if both capitalism and socialism are both flawed--then what form of government would you suggest? Merely pointing out flaws of various economic theories doesn't solve anything either.

For you to hate profits and expect the government to employ socialist programs and regulations, yet still be pro-capitalism is completely devoid of any intellectual capacity.

In my opinion this isn't about choosing one form of economic theory over the other--but has much more to do with timing--so I believe the answer isn't a one-sized-fits-all proposition. Neither can the answer be found in taking an extreme position of supply-side policies such as completely opposing all forms of intervention--including tax policy , minimum wage laws, unionization--which will maximize profits for corporations yet conversely cause downward pressure on wages. Let's just say we got rid of all unions and the minimum wage--what good would that do for working-class Americans. Sure there would be more jobs and corporations would become more profitable--but to who's benefit? Here in Hawai'i, companies are becoming dead beat as far as providing their workers with adequate wages, health insurance and retirement benefits. So who do you suppose is picking up the tab? You guessed it--the government in the form of skyrocketing entitlement programs for workers in the private sector who either just got laid off or got their pay and benefits drastically reduced.

In bull markets and when the economy is booming--there is little need for the government to employ socialist programs except for the benefit of those on or near the bottom of the economic rung. However, when the economy is in a prolonged recession and is faced with a seemingly endless array of supply shocks, the livelihood of millions of middle-class/working-class Americans are directly affected like we've experienced over the past years. The Keynesian economic theory would encourage government intervention such as job creation and stimulus packages in efforts to jump-start the economy.

In this day and age globalization and disruptive technologies further complicate addressing the needs of workers.

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