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This is a great example of how controlled our thinking is today. This article is about pure free market capitalism, yet most people think it is liberal or socialist economics and the government managed, crony corporatist economy is called (usually derogatorily) free market capitalism. Ugg.
" I can barely hide my amusement. I am engaging in an enterprise that is the essence of pure capitalism while surrounded by those to whom the very word "capitalism" is one of the greatest of obscenities. It is voluntary exchange; it is a relationship where everyone feels as if they have won. Isn't that the essence of the free market?"
Out of control market manipulation, corporate corruption, monopolistic business practices. and too big to fail are problems.
We need more competition, not less.
We need to close all large corporation tax and regulatory loopholes.
This. Capitalism is actually the solution, not the problem. If we simplified the tax code and closed all loop holes and just had people whatever their bracket called for we could probably lower the overall tax rates. I'm not opposed to big business or rich people, I support them making as much money as they want/can, but what I don't support is them using that money to buy off politicians to destroy competition. I'm pretty sure libertarians and true conservatives can agree with me on the separation of business and state.
Meh - people call liberals smug? You could see the smirk on that guy's face thorugh every keystroke. Not that he's wrong. It's just that what works when 200 people with a common interest are involved doesn't necessarily scale to an economy involving 200 million.
Meh - people call liberals smug? You could see the smirk on that guy's face thorugh every keystroke. Not that he's wrong. It's just that what works when 200 people with a common interest are involved doesn't necessarily scale to an economy involving 200 million.
Micro vs macro yep it doesn't scale. But you can do it 1 million times over.
I think the key word is voluntary. Not too much government involvement. Nice post.
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