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> That worked wonders about a decade ago. What a curious anti capitalist sentiment. First, I think most capitalists agree that regulation in some form is requ
by kryogen1c 7y ago
> That worked wonders about a decade ago.
What a curious anti capitalist sentiment.
First, I think most capitalists agree that regulation in some form is required, as totally free markets are inherently unstable.
Second, this ignores the governments role beforehand in encouraging subprime loans and afterwards during the bailout.
Third, it ignores the fact that by most measures, capitalism has increased the global standard is living too literally unheard of levels. In almost every part of the world, now is better than any other time in history to be alive. Not to imply that some things arent seriously wrong and require fixing, but let's give credit where credit is due and not throw the baby out with the bath water