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Many "pure capitalists" would argue that you only achieve competitive capitalism through "pure capitalism." The idea applies a cynical view to human nature but
by jpkiser 7y ago
Many "pure capitalists" would argue that you only achieve competitive capitalism through "pure capitalism." The idea applies a cynical view to human nature but is interesting none the less. The idea can be boiled down to one simple point; everything can be bought for the right price. If there is a governing body that has the power to regulate any and every business then it only follows that the biggest of those businesses have every resource and incentive to guide regulation to enforce their monopolies.
We may think about these as backroom deals between senators and lobbyists but I'd argue that you actively participate in such deals by just sitting in front of your TV or surfing the web. In America the biggest governing body is voters.
- whatshisface 7y agoPure capitalism would have no institutions in place to stop society from switching to another government type in the aftermath of a successful campaign.