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Not a myth at all; what you just described is generally a result of crony capitalism, in bed with the government. When a true free market is allowed to operate
by shijie 7y ago
Not a myth at all; what you just described is generally a result of crony capitalism, in bed with the government.
When a true free market is allowed to operate (which happens all the time in many aspects of our economy), it is the most democratic meritocratic and fair way to exchange goods and services, and accumulate wealth. Pure capitalism has brought more people out of poverty than any other system or system of government in the history of mankind.
- tsimionescu 7y agoHow is a completely free market insulated from the influence of marketing/advertising? They are very effective techniques for convincing buyers to choose non-optimal products, and work exceedingly well in that regard. I also think you would find it very hard to point at an example of a working free market that has not devolved into an oligopoly, with no govrnment support at all; nevermind one that has produced large-scale wealth.
- zouhair 7y agoThere is no such thing as a Capitalism that us not a crony one, it's a pleonasm. Capitalism is by definition a crony one. It has to go in bed with the government, because it's the government that sets the rules. True free market means one company owning everything.