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No it isn't. Limits placed on capitalism, through regulation, might be an example of letting society (the system) sort itself out. If limits aren't introduced
by lwhi 8y ago
No it isn't.
Limits placed on capitalism, through regulation, might be an example of letting society (the system) sort itself out.
If limits aren't introduced, the gap between rich and poor becomes too vast. It become futile for those who have little to even try to adjust their situation.
I do believe in capitalism, but left to its own devices, it becomes obscene.
- amelius 8y agoAnd a nice example of regulation: net neutrality.
- lwhi 8y agoYes. Regulation should ensure a fair and level playing field for all. It's not anti-capitalist, it just stops the big guys from ruining things for everyone else.
- Radim 8y agoLeft to its own devices and somewhat bizarrely, capitalism evolves strategies that include "social stability". Long-term prosperity becomes a part of the equation, with despotic wealth gaps an obstacle to that. Nobody likes their head inside a guillotine! Or a world where their children couldn't live. In other words, no central committees are needed when the actors align voluntarily. "Bread and games", it was called in Rome. It would take some fairly corrupt governments and very stupid businessmen to forget these lessons.
- amelius 8y agoBtw, a good way to show a capitalism-supporter the downsides of capitalism is to let them enter a game of Monopoly a few rounds after it has started.