Capitalis does no such thing, the market available to the company does. Every problem people blame on "capitalism" is solvable with appropriate regulation. That's literally the point of regulation, too. Dozens of other countries show you can have a vibrant economy that isn't beholden to a few billionaires.
I think it's obvious that this is incorrect. Part of regulation is to try and curtail grifting. It is not possible to prevent it and is the tendency of the system.
Not being able to eliminate it doesn't mean controlling it is impossible or that we shouldn't try. In any system there will be cheaters, it's how you deal with it that counts. A well regulated economy makes wealth spread around.
> Capitalis does no such thing, the market available to the company does. Every problem people blame on "capitalism" is solvable with appropriate regulation
Too bad that capital owners deeply hate regulation and do everything they can to deregulate everything.
Hell, it doesn't even need to be capital owners. Plenty of bootlickers here on HN that always cry about any kind of government regulation.
> Capitalism makes capitalism hard to appropriately regulate. Concentration of capital means concentration of power.
And yet many countries have a better handle on it than the USA. I just never, ever buy into the whole "it's to hard for America to do a thing that other countries do". I think the US is capable of anything we put our collective will towards, we just need leaders who want to lead the whole nation rather than personal profiteers.
The general trend has been towards deregulation, and capital concentration, almost everywhere for decades. US is just ahead.
The talk in EU is now that we have to ease regulation because we can't compete with countries with laxer regulation. The same race to the bottom has happened in e.g. taxes and labor protections ever since capital controls were lifted.
> I think the US is capable of anything we put our collective will towards, we just need leaders who want to lead the whole nation rather than personal profiteers.
I sure hope so but I can't really see it happening. The whole US political system seems to be FUBAR, largely because the concentrations of capital bought it.
