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All forms of structuring society are "regulation". Capitalism doesn't exist without private property law.
by MiguelX413 2y ago
All forms of structuring society are "regulation". Capitalism doesn't exist without private property law.
- nordsieck 2y ago> All forms of structuring society are "regulation" If you're going to count the emergent structure that forms from voluntary cooperation as "regulation", the word loses its meaning. > Capitalism doesn't exist without private property law. Sure it does. Laws aren't self-enforcing: the the thing that makes laws "real" is violence (or the threat of violence) backing them up. For those who are unable to avail themselves of remedies under the law - typically because they're engaging in illegal behavior - they can skip the law bit and move straight to violence. Basically every criminal organization or individual operates in this manner. I'm not saying it's nice to live this way - I very much like living in a place with a (mostly) functioning legal system. But Capitalism very much does exist without private property law.
- robertlagrant 2y agoThat's law, not regulation.