this post was submitted on 23 Oct 2023
457 points (100.0% liked)
196
16450 readers
2058 users here now
Be sure to follow the rule before you head out.
Rule: You must post before you leave.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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?
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.