Capitalism = free market. Unfortunately. The current system works perfectly. It is not sustainable and the rich get corrupted more and more, but that’s capitalism for ya.
Fair? What’s that? That doesn’t exist in nature or in greedy man. Fair is a societal construct. Paper beats rock, money beats fair.
That’s only true in a limited sense in any existing capitalist system. If your definition of “free market” is a competitive market with no artificial barriers to entry, that is impossible without state regulation-- otherwise oligopolies emerge followed by regulatory capture. If your definition of “free market” is an unregulated market, it will almost immediately stop being competitive and will be captured by the big players who will manipulate it in their own interests. So there you go, two definitions of “free market,” and existing capitalist systems are neither.
Both definitions of free market (because regulations are never watertight), and the current system, result in the same current oligopily. So okay, maybe you can argue the semantics, the point remains: shouting for ‘free market’ does not solve the inherent, systemic issue of our current situation.
Capitalism = free market. Unfortunately. The current system works perfectly. It is not sustainable and the rich get corrupted more and more, but that’s capitalism for ya.
Fair? What’s that? That doesn’t exist in nature or in greedy man. Fair is a societal construct. Paper beats rock, money beats fair.
That’s only true in a limited sense in any existing capitalist system. If your definition of “free market” is a competitive market with no artificial barriers to entry, that is impossible without state regulation-- otherwise oligopolies emerge followed by regulatory capture. If your definition of “free market” is an unregulated market, it will almost immediately stop being competitive and will be captured by the big players who will manipulate it in their own interests. So there you go, two definitions of “free market,” and existing capitalist systems are neither.
Both definitions of free market (because regulations are never watertight), and the current system, result in the same current oligopily. So okay, maybe you can argue the semantics, the point remains: shouting for ‘free market’ does not solve the inherent, systemic issue of our current situation.