2 ms·
> THis is capitalism, and everyone looks out to himself only. Absolutely not, Capitalism required democracy a system of justice and many other attributes of mo
by ClumsyPilot 4y ago
> THis is capitalism, and everyone looks out to himself only.
Absolutely not, Capitalism required democracy a system of justice and many other attributes of modern state. 'Law of the jungle' is niot capitalism and does not produce functional society.
- int_19h 4y agoThe only thing that capitalism requires is stable full property rights (including transfer) on capital. It most certainly doesn't require democracy; most authocracies today are capitalist.
- mellavora 4y ago"stable property rights" can become a rather large number of rights. Corruption is probably a bigger threat to these rights than nominal form of government; I'd say what is really needed is a strong tradition of rule of law.