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If "capitalism" can't survive reasonable consumer protection then perhaps it deserves to die, sure.
by catach 4y ago
If "capitalism" can't survive reasonable consumer protection then perhaps it deserves to die, sure.
- cft 4y ago
- dmitriid 4y agoAs if those countries had anything reasonable. Why don't you look to Europe instead?
- bjelkeman-again 4y agoThere is a middle ground. “As a policy regime, it is described by academics as advocating economic and social interventions to promote social justice within the framework of a liberal-democratic polity and a capitalist-oriented mixed economy.” Some of the world’s most successful countries are run that way. It is called social democracy.
- vilaca 4y agoI'm sorry to have to break it to you but Venezuela and Iran are capitalist countries.
- Ensorceled 4y agoI'd like to think there are a wider group of options than a binary choice between "American Late-Stage Capitalism" and "Venezuela"
- teh64 4y agoRussia is literally capitalist though????
- immibis 4y agoThis is true. Russia is in fact a good case study of late-stage capitalism. You see, in American capitalism, everyone started equally and then had to build up to their monopoly positions today. In Russia, some people just started out with monopoly positions, due to corruption. So if we want to see what happens due to monopoly positions, we can just look there.
- ajsnigrutin 4y agoAmericans all started equally? You sure, that the early comers, to america, who got huge amounts of land and resources started equally to irish and itallian immigrants? And even the modern monopolies... Gates and his mom getting him a deal with IBM is a bit different than someone else without a well connected mom. And looking at tax rates companies like facebook pay, I think corruption is very well alive in USA too.
- immibis 4y agoStarted equally, quickly became unequal, but nowhere near as quickly as Russia, which started at maximum inequality.
- vixen99 4y agoPerhaps when make a similar comment in future you could expand a bit and sketch out a possible alternative to that of people being free to to trade things of value with other people under the aegis of a dynamic regulatory system? I guess you mean a specific meaning of 'capitalism' but the nature of that is not clear at all.
- catach 4y agoConsider: Option 1: the definition of "capitalism" requires that zero regulation be applied. In that case, abandon "capitalism" and replace it with whatever you'd call the same model but with regulation. Option 2: a significant amount of regulation actually is enough alone to fatally destabilize capitalism. I do not believe this to be the case, but if it were, then it should very likely be abandoned, but it's difficult to know how other options might behave in this hypothetical universe.