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Why are they blaming capitalism? It's just dishonesty and corruption, which happens under any system if it's not kept in check. It's actually more likely to hap

• sophacles 5y ago
  I see a lot of evidence in the article that the current system (capitalism) doesn't work as well as you pie in the sky idealists like to say. You can attribute it to dishonesty and corruption - I'm not disagreeing, but a system in which those thrive is a bad system. Any system that relies on key players to act right and doesn't have counters to collusion between those players is doomed to be gamed like this. (See for example all the problems with the internet that have come from assuming everyone will act right, and the problems that come from groups deciding to not act right together). What I don't see presented is any evidence for your claims, just a random set of "these guys are even worse so my not quite so please stop criticizing the problems with my bad choice"... it's not a counter, it's deflection.
  • Geee 5y ago
    It's not a problem with capitalism, it's a problem in the system that should protect capitalism. Free-market capitalism doesn't work if someone is cheating, and that's why we have these systems and regulations that try to prevent cheating. There is a systemic risk where the protectors and cheaters are the same people, which (again) is not the problem of capitalism, but a problem of the system that protects it. More regulators and more central power is likely to increase the risk that the regulators become cheaters.
    • andrekandre 5y ago
      > More regulators and more central power is likely to increase the risk that the regulators become cheaters. so whats the solution?