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> Then we end up with an economic system wherein winners are selected not on the basis of their adherence to the needs of working people, but on the basis of th
by AlexandrB 4y ago
> Then we end up with an economic system wherein winners are selected not on the basis of their adherence to the needs of working people, but on the basis of their adherence to the whims of government bureaucrats.
You mean like Uber or WeWork? Just remove "government" and it works just as well. Let's not pretend that the government is the only entity that distorts the market and pushes through preferred solution regardless of "the needs of working people".
- jongjong 4y agoPrivate bank loans also play a part in increasing the money supply and inflating bubbles too. But who is to blame for reserve banking and our current soft-money standard which facilitates endless cycles of extreme booms and busts?