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by DoesntMatter22 13 days ago
First of all I didn't complain. I don't care what happens personally. Secondly it's just a fact that the US has a tremendous amount of regulations compared to the past. Just look at how few regulations existed in the 70s vs today. Apparently you don't like word counts, but the reality is there are a enormous amount today that didn't exist in the past.

That's not a free market economy.

"it doesn't seem like America has anywhere near enough regulations to be considered true capitalism."

You can't regulate your way into capitalism because capitalism by definition means markets free from government interference. The more it interferes the less capitalism you have.

United Healthcare is a great example. The governments enforce these companies being a monopoly be restricting which companies can operate in which states, having an enormous amount of red tape and regulation, documentation laws, etc.

If it was truly "capitalism" the government wouldn't' get involved at all. Part of the reason that doctors are so expensive to see is because there is a board that the US Government certifies to allow them to control which hospitals are allowed to be teaching hospitals for doctors.

If it was true capitalism there would be no regulation there and any college could graduate doctors. This artificially keeps the supply lower than it would be. These are facts.

1 comments

For capitalism to exist we must have a system in place to protect private property, e.g. a government. That government must be the most powerful entity to be able to protect property. The capitalist system is competitive, and controlling the decision-making of the most powerful entity is an enormous competitive advantage. Once you control that entity you'll naturally want to expand its powers. Hence capitalism will always lead to a growing government that capitalists will use to get a competitive advantage in their market. This is what capitalism will always lead to.
There’s some truth to this but this is true for all governments. They all get bloated, and it ends up being cronyism to some degree