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Capitalism is a system that tries to enforce collaboration between anonymous people and entities, without central planning. But what happens when that doesn’t w
by elawler24 2y ago
Capitalism is a system that tries to enforce collaboration between anonymous people and entities, without central planning. But what happens when that doesn’t work? Is it the government or private industry that fills the gaps?
Friedrich Hayek wrote on the topic of defending private property as a right to assert control [1]. To me, this feels particularly prevalent in high capitalist societies like the US, where the bond between people is not shared tradition, culture, and values - but rather personal freedom.
[1] https://www.opendemocracy.net/en/friedrich-hayek-dictatorship/ https://www.opendemocracy.net/en/friedrich-hayek-dictatorshi...
- from-nibly 2y agoIn capitalism if there are gaps everyone just gives up and dies. /s