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Pure capitalism represents voluntary interactions. How exactly does coercion produce value? Pyramids?
by smokeyj 14y ago
Pure capitalism represents voluntary interactions. How exactly does coercion produce value? Pyramids?
- illuminate 14y ago"Pure capitalism represents voluntary interactions" The "truly free market" can never achieve the "pure" capitalism you propose in practice, then, because deregulation involves a great deal of involuntary choices forced on the consumer (as opposed to being forced onto the business.)
- quanticle 14y agoAnd that's why you need regulation: it ensures that interactions are indeed voluntary, and that both parties have access to the same amount of information.
- smokeyj 14y agoI agree, regulation is important. Too important to entrust to a monopolistic force on violence.