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Right, but price setting via market mechanisms is orthogonal to capital ownership. I'm increasingly convinced that we should strive towards an impure market so
by atq2119 4y ago
Right, but price setting via market mechanisms is orthogonal to capital ownership.
I'm increasingly convinced that we should strive towards an impure market socialist system because control of large corporations that are more powerful than some countries really doesn't belong in private hands.
And I say impure because some amount of private ownership to capture entrepreneurial spirits is a good idea. But Fortune 500 companies aren't about entrepreneurial spirits.