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The mixed market economy is how most of the productive world operates, with varying degrees of mixed. Laissez-faire capitalism has led to disaster time and time
by XorNot 1y ago
The mixed market economy is how most of the productive world operates, with varying degrees of mixed. Laissez-faire capitalism has led to disaster time and time again, but even the US is not that system (far from it - arguably China is closer by many metrics).
It is a reasonable argument for the regulatory state though - which is to say, delays to market from regulation could have reasonable origins - like requiring sustainment plans when you're going to do human implants which aren't removable. With the obvious counter-balance that the government and by extension the taxpayer should take on some of the risk if they truly want "rapid to market" development.
- noir_lord 1y agoI’d agree that China is more of a laissez-faire system than the US with one proviso, the CCCP mostly stays out of it until it doesn’t and then they descend like the wrath of an angry and vengeful god. If you avoid that you have more freedom to operate as a corporation in China than in the US, of course in the US the corporations just buy sorry lobby the politicians. It used to be much more understated than it has been recently though, that they’ve pulled the mask off more over time suggests they think they can get away it. Interesting times.