What do we measure? Total productivity, % of pop w/ more money, % of pop w/ better lives?
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Replying to @gsvigruha
I have no idea. What do you think is best? Long term gross national happiness?
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Replying to @Molson_Hart
Best is subjective for ppl/nations. Some want security, freedom, wealth, order, equality, justice etc. There are trade-offs btw these. Every society makes some choices. Types of capitalisms reflect these. This is not to say each equally good, but no obvious best.
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Replying to @gsvigruha
Agreed. Good point. Wanna answer for Hungary, usa, germany, and Singapore then?
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Replying to @gsvigruha
I think it depends a lot on industry, but generally I would say well-regulated capitalism is better than free market capitalism in the USA.
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Replying to @Molson_Hart
Interesting, didn't expect that :) Can you elaborate?
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Replying to @gsvigruha
I can give a list of areas where I think total outcomes are better with regulation (if it's good) than without it? Counterfeiting Intellectual property Chemicals in food Chemicals in toys Firefighting Environmental Protection FDIC
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Replying to @Molson_Hart @gsvigruha
This may not be realistic, but I think that our regulations could be a lot better. I also think that regulatory agencies are overstaffed and undertalented. We could learn much from Singapore, from what I've read.
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Replying to @Molson_Hart
Totally agree. Singapore set up a system to make sure the best have a way to government. In the USA (and Hungary for that matter) there seems to be a misselection.
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Do you have an opinion on Singaporean governance post-LKY? Still going strong or becoming more of a Lee-ocracy.
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Replying to @Molson_Hart
Not sure. The task is very different now that Singapore is a wealthy society. But overall still competent I think.
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