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Hello fellow economics major :) Yep, capitalism fails in a few ways in the long run. Monopolies, imperfect competition, etc., which is why regulation is requir
by djoldman 1y ago
Hello fellow economics major :)
Yep, capitalism fails in a few ways in the long run. Monopolies, imperfect competition, etc., which is why regulation is required to optimize the system.
- pdimitar 1y agoRegulation against ruling class will never happen. They hire the regulators, more or less, with a few nice and hopeful exceptions, but they're vanishingly rare. I believe the science knows how to fix capitalism, and has known for decades. But nobody from the rules wants that.