What’s your best 1-tweet mic-drop critique of western-style capitalism?
-
-
No completely wrong. Sure there is regulation and central banking, but the fundamental resource allocation mechanism is still price and markets. If price and markets as a means of allocating the majority of resources is not capitalist I honestly don't know what is.
-
In many industries the supply side is heavily regulated. E.g. rent control, taxi cab licenses, consumer protection laws making stuff much more expensive, worker protection in Europe makes hiring less appealing (firing is hard), … You might not see it, but the market ain't free.
- 2 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.