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I enjoyed a book by Thomas J. DiLorenzo, "How Capitalism Saved America," where he points out that we haven't really practiced Capitalism, but Mercantilism, inst
by raintrees 18y ago
I enjoyed a book by Thomas J. DiLorenzo, "How Capitalism Saved America," where he points out that we haven't really practiced Capitalism, but Mercantilism, instead.
Wouldn't it also depend on what type of company we are referring to? Or timing? Aren't companies that do not have a product yet beholden to investment?
It seems that it might take too much time to have individual buyers' purchases fund a company that requires a large investment in infrastructure to get going...
- raintrees 18y agoThe first part of my post is missing. I wrote "I guess what it means to me is the less government meddling in the market, the better. The Government is already having a hard time fulfilling their regulatory role, no need to have them waste more time skewing markets with pricing controls/subsidies."