And solid intitutions and regulations.
Comment on A Day in the Life of an Enshittificator
NeilNuggetstrong@lemmy.world 2 days agoUnchecked capitalism is just as bad as communism. Capitalism kept in check by proper regulations is good. That demands a well functioning democracy however, and is unfortunately quite rare.
Valmond@lemmy.dbzer0.com 1 day ago
fierysparrow89@lemmy.world 1 day ago
It occurred to me that what the US and even UK call capitalism is a lie, ie. their system is not capitalism. IIRC “market forces” and “equal chances” somehow play a central role in the economic definition of it. In reality these forces are distorted by tariffs, nepotism, legalized extortion and the general repression of equal chances.