"Rawls claimed that no form of capitalism is compatible with justice."
The core problem is that many fail to differentiate between "capitalism" and "crony capitalism" or "things I don't like about capitalism."
When we replace the word with "markets," a less politically-charged word, the dynamic changes. Markets, most will admit, have the power to dramatically improve living standards, so long as those markets are well regulated and use the proper forms of taxation.
We should correct market failures and externalities, while preserving the open market system to the fullest extent possible. This nullifies the complaints against "capitalism" by most.
It's interesting that Rawls was against the EU. I suspect that the old left was much more Eurosceptic than their modern counterparts.
That's not to say I endorse their or Rawls' reasons for Euroscepticism, but I'll take what I can get.
"Rawls claimed that no form of capitalism is compatible with justice."
The core problem is that many fail to differentiate between "capitalism" and "crony capitalism" or "things I don't like about capitalism."
When we replace the word with "markets," a less politically-charged word, the dynamic changes. Markets, most will admit, have the power to dramatically improve living standards, so long as those markets are well regulated and use the proper forms of taxation.
We should correct market failures and externalities, while preserving the open market system to the fullest extent possible. This nullifies the complaints against "capitalism" by most.