Bridled Capitalism

Re: “Follies of socialism” by Wesson Smith, Tennessean Oct 25.
  * Mr Smith wishes us to know that he is self-sufficient and that he resents government expenditures to help those who aren’t.  He can expect a life of resentment, since the unbridled capitalism that he seeks is unsatisfying, unsustainable, unstable, corrupting and unjust.
  * With each increase of productivity (goods & services) and each spread of production over a wider base, the US man hours needed to satisfy society's needs and desires falls below US man-hour capacity.  White American males feel this especially, as work they once monopolized moves to women, minorities, foreigners, computers, robots, etc.  Ever smaller fractions of people can be fully employed unless we reduce the full-employment hours well below 40 h/wk.
  * Macroeconomic actions to increase employment are futile, resource destructive and debt intensive.  Needed are regulations to achieve steady-state economics.  That would include limits on annual conversion of non-renewable resources to waste, international family-planning cooperation, incentives to provide goods and services needed by society (Bridled Capitalism).