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All of these are the result of unregulated and unrestrained capitalism. I'm confused that the majority has somehow been convinced that it is a good thing that
by Ensorceled 13y ago
All of these are the result of unregulated and unrestrained capitalism. I'm confused that the majority has somehow been convinced that it is a good thing that corporations are socipathic entities that will parasitically consume its host (society) if allowed.
- nikatwork 13y agoThe idea that "the market will regulate itself" is right up there with "the state will wither away".
- mchusma 13y agoI was going to point out the opposite, that most of these traits are attributable generally to "crony capitalism". First, his example is about banks that have had the worst of it. Second, the government protects individuals and entities from negative externalities in a way not originally contemplated by the founders. Essentially cronyism protected railroads from being sued for negative externalities, and that presented today's regime. It is not a "natural" component of capitalism.