Quote:
Originally Posted by Charlatan
My issue is not with capitalism per se... as envisioned by Adam Smith, it isn't all that bad of proposition. Unfortunately, like most systems on paper (Marx and Engle's vision of Communism, for example) is a Utopian thing that is, at its essence unachievable.
Capitalism left to its own devices typically ends up with monopolies, exploited workers, etc.
What is required is a set of laws and regulations to temper the negative aspects.
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This pretty much sums it up for me.
Beyond that......wake me when the discussions in TFP Politics return to politics and not economic theories (and/or the value of CEO salaries, which strayed beyond recognition from the political issue of a minimum wage that was the focus of the OP in an adjoining thread.)