This is NOT a failure of capitalism

Some contend that the economic malaise we are experiencing is a failure of capitalism. How can that be so when we do not have true laissez-faire capitalism in this nation? What we have is closer to European style socialism with touches of communism and fascism. The essence of capitalism is the individual being responsible for himself.

Just to name a few violations of capitalism:

1. Social Security
2. Minimum wage or any other price control such as rent control
3. Government welfare programs such as AFDC or its successors

With governmental welfare programs a dependency on others is encouraged and we experience a mentality of entitlement by the recipients. The result is a poorer society overall.