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by int_19h
1205 days ago
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Capitalism and free markets are not synonymous, and you can have the latter without the former (indeed, that was the case for most our history as economic species). Capitalism is detrimental to free markets because it has inherent positive feedback loops that concentrate capital. Concentration of capital inhibits competition, and a market without competition is by definition not free, regardless of the amount of government regulation in it. |
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