(June 3, 2013 at 7:46 pm)Sal Wrote: As in the OP, it's the unpredictable term of capitalism that I'm most worried about - I agree that it's the most effective market approach as of date (barring Technocracy, but that's a personal opinion). However, I want the same level of responsibility that is seen in a regulated market and market analysis as well, so that we get a constrained market.
The most obvious example of this would be the issue of warning labels on products that would otherwise sell more without them. A purely free market would move towards a product without the warning labels, while a regulated market would demand warning labels as per an ethical decision.
Unfettered free capitalism was tried in the 19th century, and it led to massive monopolies, which required the US government to step in and break those. There will always be a debate of how much regulation we need.
