2 ms·
I don't think GP meant that the market should have rules but that capitalism should be regulated (as an organism is) to maintain inequality at the sweet spot wh
by ebalit 10y ago
I don't think GP meant that the market should have rules but that capitalism should be regulated (as an organism is) to maintain inequality at the sweet spot where it is efficient, instead of letting it rise and getting fever.
- tcbawo 10y agoWe've lost long-form and investigative journalism as a counter-balance, but we've gained ubiquitous surveillance and crowd-sourcing social media. Traditional corruption is much easier to see. "White collar" corruption runs rampant. There will be a period of adjustment as our institutions adapt, die, or new institutions arise. I am optimistic as long as the powers that be favor the creation of wealth rather than appropriation.