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0 pointsCPLX2mo ago0 comments

Unregulated capitalism inevitably trends towards a mafia state with an oligarchic structure and concentrated monopolistic power. It’s just an empirical fact at this point.

The engine that really drives innovation and wealth creation is regulated capitalism that preserves competitive markets by restraining anticompetitive behavior.

If you’re ideologically attached to capitalism I have good news for you. That’s the approach that leads to its most effective implementation.

If you’re ideologically attached to “market fundamentalism” as I suspect, which is a reflexive opposition to regulation, then this concentrated market structure is what you’re advocating for.

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WalterBright2mo ago

A free market relies on prohibition of using force or fraud in one's dealings.

If what you mean by "mafia" is "your signature on the contract or or brains" that is not free market.

andsoitis2mo ago

> Unregulated capitalism inevitably trends towards a mafia state with an oligarchic structure and concentrated monopolistic power. It’s just an empirical fact at this point.

Has there ever been a jurisdiction with unregulated capitalism? I'm unaware of any.

Even the most laissez-faire economies have had bedrock legal infrastructure: property rights enforcement, contract law, courts, which is regulation.

Maybe you’re thinking of anarcho-capitalism? But that has never worked at scale.

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