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China is a country with unconstrained capitalism. U.S. has constrained capitalism. Before you go down that rabbit-hole, please consider that capitalism is not a
by slowmovintarget 7y ago
China is a country with unconstrained capitalism. U.S. has constrained capitalism. Before you go down that rabbit-hole, please consider that capitalism is not a policy engine. It is a means of production, and in fact the only meaningful system of production left in whole world.
That doesn't make it good or evil. People are good and evil. The policies they apply can have good and evil effects. Capitalism can be employed to raise the poor out of poverty, or to keep them there. It can be used to effectively help the sick, or ignore them.
Constrained capitalism coupled with sensible policies, kind, honorable people to administer them, and communities with a sense of charity to share the benefits produce some of the best results the world has ever seen. But it is the quality of people in which we're lacking. Confiscation and coercion won't improve things, it always makes bad situations worse. We need administrators more interested in making the government work for the governed than for the governing. We've not had that for quite some time.
- deleted 7y ago[deleted]
- jahaja 7y agoA system should be judged by the outcomes of the incentives it promotes. Too many people seem to think that these incentives are somehow disconnected from capitalism. For example, capitalist incentives do not encourage corporations and businesses to be able to handle a crisis like this, instead they encourage to pay out as much as possible to their owners & execs - skipping a "bad times" margin. To add insult to injury the larger corps can feel safe with this behavior since they'll get bailed out by the state.