@PeriodicallyPedantic@lemmy.ca
Post #52484
2025-12-11 12:54 UTC
“that’s not real capitalism” seems to be the new “that’s not real communism”.
Capitalism gave unscrupulous people the power to do bad things. It is ignorant to try to absolve capitalism of this.
Capitalism is a tool to concentrate wealth and power, it is absolutely shocked Pikachu when those people use that wealth and power to influence the government to do bad things.
You’re claiming both that the government is the problem for not stopping people from doing bad things, and also you’re saying that the Chicago school was right for pressuring the government to remove their ability to stop people from doing bad things.
Replies (1)
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@ryathal@sh.itjust.works 2025-12-11 14:57
No I’m only claiming that the government was acting outside it’s role of ensuring a free market. When they do this it leads to distortion and provides a pathway to monopolies. Government has a role to ensure markets stay free by doing things like punishing fraud and enforcing contract law. What they shouldn’t be doing is providing incentives for specific behaviors, or creating regulatory hurdles that prevent new companies from competing in a market. They also shouldn’t be bailing out companies that are too big to fail or giving them beneficial bankruptcy terms. It’s not the cars fault for breaking down if you don’t change the oil and add sugar to the gas.