04-17-2020, 04:58 PM
(04-16-2020, 07:54 PM)eppie Wrote: ever increasing hypercapitalistic society we have created.
You are confusing Corporatocracy with capitalism. Capitalism has been dead for a long time. We do not have a free market. 99.9% of the politicians that argue for less regulation, deliver the opposite. China has done more to promote economic freedom in the last 30 years, while the US and EU have clamped down. It is a strange world we live in.
If you think we do have a free market in the US research and consider the market impacts of the following:
Minimum wage laws
FDA
SEC
FTC
agriculture subsidies
Professional Licensing requirements
Federal reserve bank
Social security
food stamps
WIC
HUD
local housing laws
Certificate of Need laws(limits healthcare facilities in many states)
With regard to the EU, have you watched Brexit: The Movie ? It does some detailing of how the EU is basically the same as the US when it comes to corporations using regulatory capture. I love the segment: The Regulated Man