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Other 196's:
Under TRUE capitalism the market is free but regulated as needed.
We don't live in real capitalism, there is no regulation, the oligarchy has captured the agencies that were supposed to regulate the market.
I don't even know what to call what we have, plutocracy?
True capitalism is what we live in. Competition has winners, those winners gain outsized advantages. They use those advantages to purchase regulatory frameworks which benefit them. This is inevitable, and has happened in every single capitalist society in the history of the ideology. Monopoly is the natural end state of capitalism. (Actually, fascism is, but monopoly happens along the way also)
I found this interesting tidbit in Wikipedia trying to find where I read my source.
Capitalism 1.0 during the 19th century entailed largely unregulated markets with a minimal role for the state (aside from national defense, and protecting property rights)
Capitalism 2.0 during the post-World War II years entailed Keynesianism, a substantial role for the state in regulating markets, and strong welfare states
Capitalism 2.1 entailed a combination of unregulated markets, globalization, and various national obligations by states
You're right ... It sounds like we need another paradigm shift. Fuck web 3 ... we need Capitalism 3 ...
Or how about we just stop using capitalism?
If version 1.0 didn't work, version 2.0 didn't work and version 2.1 didn't work, then maybe the problem is capitalism itself.
Given Web 3 was a shithole of a collective delusion, maybe don't.
or we finally move past capitalism. It had 200 years, and it just keeps generating worse and worse crises, let's just finally accept it's not working.
not a bad idea, what is your suggestion? Socialism seems to be working well for the European people, but we'd need some kind of check and balance so it doesn't descend into the clusterfuck they seem to be going thru (not unlike ours)
what do you mean, socialism in Europe? afaik no European country is socialist
That's what cryptobros were trying and it went about as well as you can imagine.
The market can't be free if it's regulated. Any intromission of the State in any voluntary exchange is stepping in the natural rights of its citizens.
The agencies are the oligarchy. The politicians and lobbyists benefit each other by the existence of regulations, taxation, subsidies, FIAT money, intellectual property, public licenses, monopolical privileges, etc.
Yes, we don't live in "real capitalism" (that is, in a free-market setting), we live in a corporatocracy.
capitalism is a broad term. if the means of production and distribution are privately held, then its capitalism