2 ms·
Yep. That’s how capitalism is supposed to work. Google “creative destruction”.
by mbrodersen 5y ago
Yep. That’s how capitalism is supposed to work. Google “creative destruction”.
- josephcsible 5y agoCapitalism and creative destruction apply to wages naturally going up due to the actions of people and companies, not artificial changes due to government meddling.
- mbrodersen 5y agoAll markets (including the labour market) are created and defined by government. That’s why (for example) it is illegal to hire children for factory lines or selling certain products. Capitalism without any governmental “meddling” is pure anarchy. The kind of capitalism you only see in failed states. When people say that they don’t want any governmental meddling, what they are really saying is that they don’t like certain rules but are happy with others.