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Capitalism would have the free market (and therefore its consumers) deciding which regulations are needed, how much to pay and if a single company has a natural
by jokethrowaway 6y ago
Capitalism would have the free market (and therefore its consumers) deciding which regulations are needed, how much to pay and if a single company has a natural monopoly or not.
What we get is corrupted politicians stealing money from everyone and imposing regulations under the threat of violence and incarceration.
I understand where you're coming from, anti-capitalist often conflate capitalism with government control - but they're completely different things.
- pwinnski 6y agoPerhaps the ideal form of capitalism would involve free markets and competition. Adam Smith sure expected that. The problem is that people with capital inevitably find it more efficient to leverage their capital to eliminate competition, capture markets, and extract value for value's sake. It takes a lot of government regulation to ensure free markets.