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by lorriman
2590 days ago
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A healthy capitalism is expressed by G K Chesterton, and is an argument against liberal capitalism,which even Thatcher did not support: “Too much capitalism does not mean too many capitalists, but too few capitalists.” Like anything, capitalism must be humanised with restraint and constraint, the application of intelligent regulations and actively fighting the private monopolist (Hayek, The Road to Serfdom). For example, to avoid race-to-the-bottom competition by mandating certain features as non-optional. Or for safety. Obvious stuff really. And not burdensome regulations to please a Media campaign or emotional blackmail from the Left. Liberal capitalism, totally free market capitalism, ends with monopolies as beast eats beast. It's what Marx criticised though he made no distinction between capitalism and capitalism. And this is what has happened, with monopolies so large that their power to blackmail and bribe is undermining government, threatening free speech and disenfranchising. |
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