3 ms·
Not sure cheating, lying and skirting regulations are a fact of capitalism so much as a fact of any economic system. Many Soviet factories lied to meet quotas,
by greedo 9y ago
Not sure cheating, lying and skirting regulations are a fact of capitalism so much as a fact of any economic system. Many Soviet factories lied to meet quotas, both numerical and qualitative.
- agumonkey 9y agoInteresting questions, how much lying is the result of competition, economic paradigm or just chaos and human nature ?
- freehunter 9y agoWell that phrase was attached to the idea that followed it in the same sentence more than it was attached to the entirely different sentence that came before it. People lie and cheat inherently, but the goal of capitalism is to make as much money as possible. So naturally companies are going to do that, which is why government regulation exists. Note that I'm not trying to compare economic systems or argue for/against any particular economic system, just pointing out that the goal of capitalism is to make money, people inherently cheat and lie, so in a capitalistic society people will lie and cheat to make money. We all know this is true, which is why private companies are regulated by public agencies. The diesel cheating scandal was a failure of regulation enforcement more than anything.