Gotta say, it’s weak fucking argument because capitalism isn’t working out for the world either and it doesn’t even work in theory. The only reason it seemed to work for a while was that it was so heavily regulated that it wasn’t really capitalism.
Regulated capitalism is still capitalism, and the reasons why those stronger regulations have eroded is because the Soviet Union no longer exists in close proximity to Europe as an alternative for the west.
Gotta say, it’s weak fucking argument because capitalism isn’t working out for the world either and it doesn’t even work in theory. The only reason it seemed to work for a while was that it was so heavily regulated that it wasn’t really capitalism.
Regulated capitalism is still capitalism, and the reasons why those stronger regulations have eroded is because the Soviet Union no longer exists in close proximity to Europe as an alternative for the west.
Yup even Adam Smith himself did said regulation is needed for capitalism.
Absolutely.
https://dessalines.github.io/essays/capitalism_doesnt_work.html