Hi all,
I’m seeing a lot of hate for capitalism here, and I’m wondering why that is and what the rationale behind it is. I’m pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.
If this isn’t the right forum for a political/economic discussion-- I’m happy to take this somewhere else.
Cheers!
Yeah, anyone who tries to tell you that “the free market will sort it out” when you ask about companies selling dangerous medications, equipment, chemicals, structures, etc. in unregulated markets, is either ignorant of reality or an actual monster.
And that’s not even considering inelastic goods that put corporations in a position where they could continue to profit from human misery without the “free market” ever correcting it. And that’s not even considering rent seeking.
Anyone who considers human lives as acceptable collateral in people’s’ obsession with compulsively gaining and hoarding wealth, has no place in modern society.