3 ms·
I think true capitalism can't arise in a vacuum; it needs a regulatory support structure for enforcement. cf. The Value of Nothing by Raj Patel in which he mak
by frossie 16y ago
I think true capitalism can't arise in a vacuum; it needs a regulatory support structure for enforcement.
cf. The Value of Nothing by Raj Patel in which he makes the point that we all agree as a society how trade is conducted, and we can agree to do it one way or another way. For example we now agree humans can't be sold and that land can, but at other times the reverse was the case.
Trade does not happen in a social vacuum.