3 ms·
Until the mid-18th century, there were no "working examples" of laissez-faire capitalism, which has since become the dominant global model. Economic circumstanc
by bccdee 6y ago
Until the mid-18th century, there were no "working examples" of laissez-faire capitalism, which has since become the dominant global model. Economic circumstances change; in its fairly short history, many examples have shown that laissez-faire capitalism is vulnerable to collapse during periods of economic instability (fascism, authoritarian communism). Don't be so confident that new systems aren't possible when one of the defining traits of laissez-faire capitalism is a tendency to become unstable, fall apart, and be replaced with new systems.
Incidentally, if you'd read the link which the other poster provided on market socialism, you'd have noticed that it scales in exactly the same way that laissez-faire capitalism scales, making your critique unfounded.