Originally Posted By: sinij
I still stand by my point that "true capitalism" isn't possible outside of very narrow controlled (lot of regulation, har har) circumstances. If left to its own Capitalism quickly turns into Cronyism or Corporatism due to interchangeable nature of wealth and power. Designing "Capitalistic systems (true Capitalism)" is as realistic assumption as building communism. Both assume unrealistic lack of "human factors" from its participants.

Derid, at some point you will come to realization that "true capitalism" is only possible in a tightly regulated environment where 'rules of the game' are rigidly defined and deviations and rule bending are heavily discouraged.


The thing you are forgetting is that governmental power is even more substitutable for political power than money is to political power. In fact they are practically one and the same. Yes, money can and does corrupt, but corruption happens even without money. Hence why all statist regimes, Communist, Socialist, or Otherwise in history all end up being more corrupt than free market societies. You saying that corruption occurs in free market societies is correct, but you need to remember that a small govt can more easily be kept in check and made to enforce sensible rules than a large govt with a plethora of rules.

Even Sweden, with its huge energy exports as % of GDP and its small size making it more liken to a large corporation for economics purposes has its own considerable http://www.atimes.com/atimes/front_page/ll22aa01.html corruption issues in regard to its public housing and health system.

Lets not even get into total Socialist and Statist societies like USSR, North Korea, Cuba, or whats been going on in Venezuela.

For who could be free when every other man's humour might domineer over him? - John Locke (2nd Treatise, sect 57)