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You're on the verge of a breakthrough. Capitalism as typically practiced works like a Ponzi scheme. It's not sustainable without someone, like a government or
by Kye 7y ago
You're on the verge of a breakthrough.
Capitalism as typically practiced works like a Ponzi scheme. It's not sustainable without someone, like a government or a standards body, setting boundaries. For example: Banks destroy economies without a government saying "you need to have x cash for y loans" and "you need to pay into this fund to insure you against bank runs."
- rdlecler1 7y agoCapitalism requires a constant increases in abundance. Tech provides that.
- bubblewrap 7y agoWhat "rule of capitalism" are you referring to?
- kjsbfkjbf 7y agoClose. There are no incentives for a government or a standards body to malign profit for the sake of anything other than longer-term profit. So, capitalism does not work... in any configuration. If regulation truly worked we would not be so fucked with regards to our rape of the Earth.
- maxxxxx 7y agoWithout regulation we would be much worse off. There is a lot of room for improvement though
- falsedan 7y agohere's a breakthrough for ya: telling people tediously obvious facts and assuming their position so you can condescendingly patronise them will not get you far in any economic system