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You're conflating free markets with capitalism. And once laws are influenced by capitalists, the market is no longer free. And this is again a failure of gover
by nnfy 9y ago
You're conflating free markets with capitalism. And once laws are influenced by capitalists, the market is no longer free.
And this is again a failure of government, not capitalism. As an analogue, you cannot say that socialism is a flawed system purely because of what happened in russia-you must not mix up economic and political philosophies.
- tanderson92 9y agoThe free market determined that that was the fair price for government policies to be bent towards industries' or actor's will. You'll forgive people critiquing the economic system if it freely and naturally leads to the ills we find objectionable. And on the contrary, I absolutely do hold the failure of the Soviet system against central planning and command economies, even socialist ones. Given that, I find democratically-executed socialism using markets for prices (some consider this market socialism) much preferable.
- johncolanduoni 9y agoYou can if your complaint (as above) is that the economic system has adverse effects on the political system or vice versa. Would you claim you shouldn't attribute the resulting explosion to water when you pour it on sodium because one is a liquid and the other is a metal?