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by refurb
1483 days ago
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Not sure where you learned this, but capitalism doesn’t assume either of those things. Capitalism does not assume the market optimize for the public good. It assumes when each party optimizes for their own self-interest, that optimizes resource use. And in terms of regulatory capture/corruption, I hope you're not assuming that it's somehow unique to capitalism? In fact, as the Soviet Union and China have shown, corruption is rather greater under those systems. |
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