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Yet one company (a monopoly) is the end result of unregulated capitalism. That's why we regulate.
1. Socialism isn't regulation, its violent control of consumers and providers in order to provide favorable outcomes for those running it.
2.Capitalism isnt unregulated, Its regulated by actors freely associating in a marketplace and in accordance with property rights.
In capitalism, brand X cant use an all powerful govt agency to keep brand Y out the marketplace.
And if you don't like brand X, you purchase brand Y and if enough people agree, brand X goes out of business.
Also, brand X cant contaminate anyone elses land or water in making its product because it will be hauled into court and punished for it.
1. Socialism isn't regulation, its violent control of consumers and providers in order to provide favorable outcomes for those running it.
2.Capitalism isnt unregulated, Its regulated by actors freely associating in a marketplace and in accordance with property rights.
In capitalism, brand X cant use an all powerful govt agency to keep brand Y out the marketplace.
And if you don't like brand X, you purchase brand Y and if enough people agree, brand X goes out of business.
Also, brand X cant contaminate anyone elses land or water in making its product because it will be hauled into court and punished for it.
No one is running anything in a socialist system. Socialism simply means workers owning the means of production. The workers are owners of their own workplace.
It has nothing to do with government. Nothing to do with taxes.
No one is running anything in a socialist system. Socialism simply means workers owning the means of production. The workers are owners of their own workplace.
It has nothing to do with government. Nothing to do with taxes.
Got news for you. You don't control what you own, as in workers owning their workplace, you don't ...own ... squat.
1. Socialism isn't regulation, its violent control of consumers and providers in order to provide favorable outcomes for those running it.
2.Capitalism isnt unregulated, Its regulated by actors freely associating in a marketplace and in accordance with property rights.
In capitalism, brand X cant use an all powerful govt agency to keep brand Y out the marketplace.
And if you don't like brand X, you purchase brand Y and if enough people agree, brand X goes out of business.
Also, brand X cant contaminate anyone elses land or water in making its product because it will be hauled into court and punished for it.
In Laissez Faire capitalism, one company can become so powerful it can undercut and eliminate all competition. Standard Oil being the prime example.
The market can regulate too and does in many ways.
Socialism and regulation are different things. We use some socialist policies to ensure a minimum level of existence for our citizens. Not out compassion, necessarily, but because it's better (and cheaper in the end) than having large scale below subsistence level slums like third world countries have.
In Laissez Faire capitalism, one company can become so powerful it can undercut and eliminate all competition. Standard Oil being the prime example.
The market can regulate too and does in many ways.
Socialism and regulation are different things. We use some socialist policies to ensure a minimum level of existence for our citizens. Not out compassion, necessarily, but because it's better (and cheaper in the end) than having large scale below subsistence level slums like third world countries have.
This is all econ 101.
A fork and a spoon are different things, but they are both used to do the same thing, get food in your soup-cooler. Socialism and regulation/taxation are incestuous cousins that leftists try to tell you that the two don't even know each other.
A fork and a spoon are different things, but they are both used to do the same thing, get food in your soup-cooler. Socialism and regulation/taxation are incestuous cousins that leftists try to tell you that the two don't even know each other.
Forks and spoons and incestuous cousins and soup-coolers. Kudos for using that extent of jingoism in such a short and shallow statement.
I've told you how we use both TODAY within the framework of the best functioning economy in the world (or at least among them). Why don't you try to tell me how I'm wrong and leave the clever parables to Mark Twain.
No one is running anything in a socialist system. Socialism simply means workers owning the means of production. The workers are owners of their own workplace.
It has nothing to do with government. Nothing to do with taxes.
If no one runs it who makes the decisions?
Venezuela doesnt have a govt?
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