4 ms·

'Crony capitalism' in opposition to something like 'self-restraining capitalism'? :) I would very much like to see such a creature.

• repsilat 9y ago
  In theory as opposed to _unrestrained_ capitalism. As the idea goes, abusive monopolies get out-competed. The logic goes that money will inevitably buy power, so a government of limited purview (but unlimited strength to check market excesses within that purview) is best. I take your point, though -- that "No True Scotsmen" capitalism, like actual factual communism, is an ideal that has never been achieved, and that incentives will always render it imperfect. It does empirically seem a rather safer ideal to aim for, though.