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by notch656a
1299 days ago
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Capitalism is embraced by classical liberalism. Modern day "liberals" / progressivists have especially embraced American version of capitalism by using regulatory capture, basically coming up with 1 million and 1 ways to "make sure the consumer is protected" and then proceeding to capture the hell out of the regulatory framework to make sure anyone who disagrees with the regulation is called out as someone who wants people to get hurt / someone who wants to let industry oppress us. Meanwhile they rake in the profits while locking out competitors. |
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I'll pregame such a conversation by saying that I'm disillusioned with both sides of the political spectra. I could most generically be described as a flavor of socialist, but that doesn't really capture what I believe effectively. I wish we had a direct democracy, and I'm off the opinion that unchecked capital markets have effectively coopted our political process.