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capitalism depends completely on things like property rights and contract law Completely agree. Capitalism could not function without enforced property rights
by grey-area 9y ago
capitalism depends completely on things like property rights and contract law
Completely agree. Capitalism could not function without enforced property rights of all kinds. In addition regulation often hands out monopolies(e.g. Patents), sometimes usefully, sometimes distorting the market horribly, but regulation is also used to prevent monopolies and other forms of market abuse.
a well created market economy
Do you mean well regulated? Economies are not created. I agree enlightened self interest is useful and regulation is hard.
fairness is very expensive
Civilisation is expensive.
Nobody is saying capitalism is doomed, but the heavily regulated version we have now is superior to unregulated capitalism, which leads to monopolies, cartels and other brutal forms of oppression.