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It is completely unrealistic to expect any of these principles to be upheld. Capitalism is like evolution: a force of nature. It weeds out the less profitable a
by Confusion 18y ago
It is completely unrealistic to expect any of these principles to be upheld. Capitalism is like evolution: a force of nature. It weeds out the less profitable and that is the only thing it does.
Only the first principle may be upheld by governments: by imposing their own risk calculations, they may be able to ensure that no financial institution gets too big to fail. Not by making sure they do not get big, but by making sure they can always bear the risks.
- zzkt 18y agoApril Fools Day was last week.
- Confusion 18y agoI'm not sure what you are referring to, but if it is to my assertion that 'capitalism is a force of nature', then I advise you to read Marx. He already understood that capitalism is almost unavoidable in trading systems. It is an emergent phenomenon, like avalanches are emergent phenomena of the combination of snowfall, mountains and gravity.