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> Then are we kidding ourselves that capitalism is our best shot at a social system? No you are kidding yourself if you think America is fair capitalism. It's
by NTDF9 7y ago
> Then are we kidding ourselves that capitalism is our best shot at a social system?
No you are kidding yourself if you think America is fair capitalism. It's closer to crony capitalism or welfare for the rich/private businesses
- n4r9 7y agoHow can you enforce fair capitalism?
- NTDF9 7y ago- By letting big businesses fail - By letting stock prices fall for stagnation and mistakes - By not making regulations such as the one posted, allowing competition to thrive - By putting in penalties on executives who presided over fraud, environment damage and harm - By banning lobbying completely
- n4r9 7y agoIt seems to me that the last two points require close government involvement, and that capitalism plus government involvement will inevitably lead to some kind of crony capitalism.
- NTDF9 7y agoYes. Government is required but needs to be not influenced by money, by law. Taking money in any form needs to be an arrest-able offense. Do you really really really think that a bunch of billionaires will self correct themselves?
- n4r9 7y agoNo, I think the opposite of this: that whenever you have individual people as powerful as billionaires, you have crony capitalism.