RE: Capitalism: The Foundation of Human Life and Morality
July 31, 2013 at 8:00 am
(This post was last modified: July 31, 2013 at 8:02 am by Fidel_Castronaut.)
(July 29, 2013 at 6:53 pm)Minimalist Wrote:Quote:We've advanced more under capitalism in the last few decades than in the entirety of human history.
The United States made its greatest advances when capitalism was controlled by government regulation on one hand and labor unions on the other.
Then...the pigs got greedy. What we have now is hardly an "advance." Unless you think going down the shitter is "advancement."
One has to be careful when talking about complex paradigms like capitalism and its association with government, though.
I am in agreement 100% with a mixed economy because evidence (and history) shows us that's what works. going to either extreme generally gives bad results.
(July 29, 2013 at 9:00 pm)Koolay Wrote: eBay is an example of a DRO service in the private sector. They solve millions of disputes between people across different parts of the world, without government involvement.
And what of all the disputes that don't get settled by eBay and result in further action? Who deals with those?
What about the legal system(s) that eBay are bound to operate under dependent on the state to which they are trading in?