While I’m not an expert in economics, from my uneducated point of view it looks like they are an inevitable result of unregulated/improperly regulated capitalism. But I understand once you make strong enough regulations to try and prevent that, it might not be called capitalism anymore, but I guess it also depends on your (everyone’s?) very definition of capitalism.
Again, I might just be a dumb fuck in the matter, though.
The problem with that view is that the incentives to destroy any such regulations will always exist and they will be slowly eroded. We saw this with the Great New Deal that created a ton of Social safety nets and limits on rampant capitalism. But they will take decades if necessary to slowly erode progress bit by bit.
The system can’t be based on greed and also protected from greed.
While I’m not an expert in economics, from my uneducated point of view it looks like they are an inevitable result of unregulated/improperly regulated capitalism. But I understand once you make strong enough regulations to try and prevent that, it might not be called capitalism anymore, but I guess it also depends on your (everyone’s?) very definition of capitalism.
Again, I might just be a dumb fuck in the matter, though.
The problem with that view is that the incentives to destroy any such regulations will always exist and they will be slowly eroded. We saw this with the Great New Deal that created a ton of Social safety nets and limits on rampant capitalism. But they will take decades if necessary to slowly erode progress bit by bit.
The system can’t be based on greed and also protected from greed.