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by jensen123
3707 days ago
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Instead of looking at capitalism vs. socialism, I think it would make more sense to look at free markets vs. unfree markets. Many businesses will lobby politicians for laws and regulations to protect themselves against competition, for subsidies, for special tax deductions etc. Private banks cooperate with the government in order to create fiat money, which primarily benefit those who are already rich etc. You can certainly have capitalism and an unfree market at the same time. Guess that's called crony capitalism. It's a very different beast from a free market. |
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