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  • axtualdave@lemmy.world
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    1 year ago

    Capitalism is great, but it absolutely must be tempered by regulation.

    The problem comes when the capitalist gains influence over the regulator, aka, regulatory capture.

    • NightOwl@lemmy.one
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      1 year ago

      Capitalists love regulations and do a lot to make sure financial laws are in their favor and make great use of government handouts they help orchestrate for themselves.

    • Azzu@lemm.ee
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      1 year ago

      To be a little more exact, capitalism is great, but only if each person has roughly the same amount of money, no matter what they do. That is what you’re trying to achieve with regulations.