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Socialism is a consequence of unchecked capitalism; if capitalism provided, then socialism would be redundant. Capitalism works best when there is lots of compe
by hgs3 3y ago
Socialism is a consequence of unchecked capitalism; if capitalism provided, then socialism would be redundant. Capitalism works best when there is lots of competition and low startup cost to enter a market. Regulation could force this type of environment by capping the number of employees a company has, limiting the radius they conduct business, and preventing them from growing to a point where the startup cost to form a new competing company is too high. The obvious downside of these regulations is they would artificially limit the geographical reach and techno-complexity of products themselves. However, if no action is taken, then you end up with an economy similar to the one we have today and folks clamoring for socialism.