3 ms·
But regulatory capture isn't capitalism. The tendency to produce monopolies and pseudomonopolies IS, but that is a very well known market failure, that was onc
by Enginerrrd 3y ago
But regulatory capture isn't capitalism.
The tendency to produce monopolies and pseudomonopolies IS, but that is a very well known market failure, that was once addressed quite well in democratic societies while maintaining (classically) liberal economic policies.
The problem we have now isn't capitalism... It's plutocracy.