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by Fnoord 3095 days ago
Capitalism needs all kind of patches/bandaids in order to function, and even then it won't function for all. The Kuznets Curve (as mentioned in this article [1] about the doughnut economy) shows the vast amount of inequality in rich countries. Not so much for the general readership of HN (ie. I am arguing the readership is biased).

I fundamentally disagree with a left-right x-axis; we're missing out on authoritative-liberty. Hence politicalcompass.org provides a better framework.

Some of these bandaids are authoritarian, some are liberal. For example, trademarks, patents, copyright each grant power to one or more individuals (ie. a minority) over a vast majority. Here, the free market is being regulated by the government. We consider it part of capitalism.

[1] https://www.weforum.org/agenda/2017/04/the-new-economic-mode...