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by djoldman 357 days ago
Hello fellow economics major :)

Yep, capitalism fails in a few ways in the long run. Monopolies, imperfect competition, etc., which is why regulation is required to optimize the system.

1 comments

Regulation against ruling class will never happen. They hire the regulators, more or less, with a few nice and hopeful exceptions, but they're vanishingly rare.

I believe the science knows how to fix capitalism, and has known for decades. But nobody from the rules wants that.

> But nobody from the rules wants that.

YM "ruleRs", right?

I do. Admittedly I got tired of double-checking if my phone's keyboard will betray me.