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by lastyearman 3605 days ago
What if it were true that free market nor capitalism no longer benefit the poor, what do we do then? I think this can be argued since all markets are already regulated (thus not entirely free) nor is capitalism taken to its logical extreme anywhere in the world.
1 comments

> What if it were true that free market nor capitalism no longer benefit the poor, what do we do then?

If that were true then we would switch to a better system. I don't think it is and I don't think there is one.

I don't know what capitalism's logical extreme is but if you are talking about anarchy then I am not for that. I believe government serves a very important role in capitalism. It enforces contracts (legal system), protects third parties (environmental hazards), and defends against foreign or domestic aggression (police, military).

This isn't to say capitalism is perfect! Of course not but it is better than every other conceived system and has proven so by bringing millions out of poverty.

Afaik income inequality has been rising despite the fact that markets have been deregulated. Of course the two may have no correlation, but if the current trajectory continues, then I suppose it's inevitable that something has to be done. As far as I can tell, if we must do something, then we can either deregulate more or implement socialistic schemes such as UBI.