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Seems to indicate that the ideal capitalist society would have strong social safety nets to make people less risk averse and more willing to spend.
by yoyohello13 8mo ago
Seems to indicate that the ideal capitalist society would have strong social safety nets to make people less risk averse and more willing to spend.
- carlosjobim 8mo agoYes, and one of the strongest of those nets is limited liability for companies, which I think almost all industrialized countries have, no matter their degree of socialism/capitalism. The other strong safety net needed is a fluid labour market with high wages for workers, meaning people can take risks and if it doesn't work out, they find a well paying job easily. And of course health care has to be cheap in this "ideal society".