Regulation restricts competition, and is a natural result of companies using accumulated Capital to institutionalize their own positions and maintain a given edge. Capitalism erases its own existence.
I’m saying trying to turn the clock backwards is futile, Capitalism has already reached the dying stages of its development. There’s no way to stsrt fresh.
Regulation opposes the market.
Regulation restricts competition, and is a natural result of companies using accumulated Capital to institutionalize their own positions and maintain a given edge. Capitalism erases its own existence.
I think we’re both saying the same thing.
Maybe, but you phrase it like we can have unregulated Capitalism for any period longer than an afternoon, and I’m explaining why we can’t.
We’ve never tried it so we’re both bouncing hypotheticals off the wall.
We can’t try unregulated Capitalism either way, that’s like suggesting we try feudalism. We can’t go back and keep the technological progress we have.
But feudalism has been tried.
In Scotland is was only abolished in 2004.
I’m saying trying to turn the clock backwards is futile, Capitalism has already reached the dying stages of its development. There’s no way to stsrt fresh.
That just nicely brings this conversation back to my point that pure capitalism has never been attempted.