I think you mean cronyism. Cronyism is the cause of all our problems. Capitalism is smeared as a result of a government seeped in layers of selfish, crony-based policy decisions. Free markets lead to efficient allocation of resources based on market demands. Term limits now!
Unregulated capitalism is a scourge on our planet, a parasite sucking the lifeblood out of our species, and a one-way ticket to global destruction. If we continue to allow concerns of the marketplace to dominate how we function, we won’t last on this planet for another 100 years
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Who would do the regulating? The same corrupt politicians who have caused the issue to begin with? I appreciate your perspective but disagree on how to solve the issue
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Cronyism is functionally indiscernible from capitalism. There's no effective enforcement mechanism to keep markets "free"
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Government. Government sets tax policy, makes banking regulations, determines regulatory measures or lack of them, prosecuted monopolies or doesn’t. Etc. That is precisely what presidents and Congress do.
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No it doesn’t, that’s why government needs to be there to do it. The President appoints the head of agencies. And higher consciousness among investors will promote a higher consciousness among CEOs. Read Michael Lewis, “The Fifth Risk”
Mar 30, 2021 · 5:47 PM UTC
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