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The comments on that article make me feel all :smith:. As if oh yea we can keep this going, raw capitalism will totally work forever.

• smsm42 14y ago
  Where you saw "raw capitalism" in the US? Do you know how many thousands of pages federal regulations, state regulations, regional regulations and local regulations are? How many new ones are created every year?
  • eli_gottlieb 14y ago
    The means of production are privately-owned, operated for-profit, using wage labor. Also, firms' entry and exit to/from the markets is basically unrestricted. It's capitalism, red in tooth and claw. Doesn't have to be unregulated to be "real" capitalism.
    • smsm42 14y ago
      >>>> Also, firms' entry and exit to/from the markets is basically unrestricted You must be kidding me. Try entering banking or insurance market, you'd quickly learn how "unrestricted" they are. Or, even simpler, try entering a job market without joining a union that controls that particular market in a particular place. >>>> Doesn't have to be unregulated to be "real" capitalism. The world "real" apparently has a very wide meaning for you. I guess everything that allows people to make transactions without asking written permission of the district market supervisor from the government in advance is "raw capitalism" for you. No amount of restrictive regulation, no amount of government involvement, no amount of market distortion will ever make it not raw.
      • eli_gottlieb 14y ago
        The amount of regulation doesn't actually matter if the basic conditions for the capitalist mode of production are satisfied. The market interprets regulation as damage and routes around it.
        • EliRivers 14y ago
          Where for "market" presumably we read "criminals breaking the law", ultimately to disastrous effect.
    • hnal943 14y ago
      I suppose if you divorce the concepts of "Captialism" and "Free Markets" this is true, but they are typically thought of togther.