That regulation is antithetical to capitalism. Yes, it’s the only thing that keeps it functioning in a reasonable manner, but that’s just an indication capitalism is bad.
Yes, less capitalist capitalism is better than more capitalist capitalism. Maybe we should just have none.
It’s the basic idea behind ordoliberalism – companies get free reign until their actions start harming the common good, at which point the government imposes fair rules to even the playing field. It’s… reasonably functional as far as political theories go. Still wildly suboptimal, though, and not long-term stable against the influence of hyper-wealthy entities.
That’s the problem. The system prioritizes wealth accumulation above all else. When you build a society that views wealth as the highest state of being then those regulatory systems will eventually be bought out.
There may well be no such thing as a sustainable regulated capitalism, especially when we’ve normalized the monetization of everything.
Capitalism only works when heavily regulated, because human greed is a cancer to everything it touches.
That regulation is antithetical to capitalism. Yes, it’s the only thing that keeps it functioning in a reasonable manner, but that’s just an indication capitalism is bad.
Yes, less capitalist capitalism is better than more capitalist capitalism. Maybe we should just have none.
This — if capitalism could be contained by government it would do nicely, but it ends up corrupting government so that it cannot function.
It’s the basic idea behind ordoliberalism – companies get free reign until their actions start harming the common good, at which point the government imposes fair rules to even the playing field. It’s… reasonably functional as far as political theories go. Still wildly suboptimal, though, and not long-term stable against the influence of hyper-wealthy entities.
That’s the problem. The system prioritizes wealth accumulation above all else. When you build a society that views wealth as the highest state of being then those regulatory systems will eventually be bought out.
There may well be no such thing as a sustainable regulated capitalism, especially when we’ve normalized the monetization of everything.