Yes, they’ve somewhat tamed their capitalism with a lot of social safety nets and regulation, for now.
Don’t get me wrong - I’m in favor of moving in that direction in the US. I want more regulation and stronger social safety nets. I just don’t believe that a core of Capitalism is a requirement or even the ideal starting point. I also don’t believe it deserves the reverence it gets.
Yes, they’ve somewhat tamed their capitalism with a lot of social safety nets and regulation, for now.
Don’t get me wrong - I’m in favor of moving in that direction in the US. I want more regulation and stronger social safety nets. I just don’t believe that a core of Capitalism is a requirement or even the ideal starting point. I also don’t believe it deserves the reverence it gets.