(September 8, 2017 at 1:33 pm)Chad32 Wrote: What we have now is probably closer to corporatism than capitalism.
Well, I mostly agree. To me it seems like the only people who oppose capitalism are those who don't understand what it actually is.
And they don't think about the unintended consequences of regulation. Take, for instance, the law that the salt has to contain some iodine to be legally sold as edible salt. It appears to make perfect sense. But consider the following scenario. A country suffers from a scarcity of salt. There comes someone from another country to sell salt. However, that salt contains less iodine than what's permitted by the law. Does that law THEN do more good than harm?
