Hi all,
I’m seeing a lot of hate for capitalism here, and I’m wondering why that is and what the rationale behind it is. I’m pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.
If this isn’t the right forum for a political/economic discussion-- I’m happy to take this somewhere else.
Cheers!
How would giving complete economic power to the government eliminate special interests? Sure, it lowers their economic power in dollar terms but it does not lower their influence or incentives.
It’s funny that people think it needs to be 100% one way government has “complete economic power”, or 100% the other way unfettered capitalism, absolutely no rules, no regulation, free for all.
The short answer is: we need regulation. Businesses can run, but they shouldn’t decide the rules.
Regulation is still capitalism. People in the western left and right seem to have forgotten this. The means of production are owned by private individuals. That’s just laws. It’s an equal playing field. Government programs are where it starts to get muddied.
I would say you can have capitalism with regulation. But regulation itself is not capitalism. Rules that are not based on market forces are literally outside capital forces.
