3 ms·
Capitalism uses the market to allocate resources, but it is not the only system that does so: [1][2][3] From what I can gather, you're limiting the role of gov
by chiaro 11y ago
Capitalism uses the market to allocate resources, but it is not the only system that does so: [1][2][3]
From what I can gather, you're limiting the role of government to a very libertarian role, and not finding any feasible solutions.
Why abandon government reallocation? To the contrary, many forms of government reallocation specifically counter injustices, for example, any Pigou tax.
Regulation is also a good thing, as it allows the citizenry to enact constraints on companies where consumer action would be toothless.
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[1] https://en.wikipedia.org/wiki/Mixed_economy https://en.wikipedia.org/wiki/Mixed_economy
[2] https://en.wikipedia.org/wiki/Welfare_capitalism https://en.wikipedia.org/wiki/Welfare_capitalism
[3] https://en.wikipedia.org/wiki/Market_socialism https://en.wikipedia.org/wiki/Market_socialism