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cthulu2016

(10,960 posts)
1. I think that all thinkers have recognized that Capitalism requires political limitation
Mon Apr 21, 2014, 10:32 PM
Apr 2014

(The word "thinkers" ought not be wasted on economic libertarians.)

It's not a discovery. It has always been understood that Capitalism cannot self regulate in certain ways, and can not be separable from politics. Views to the contrary are a modern crackpot religion.

Adam Smith, in THE WEALTH OF NATIONS, typically credited with being the seminal first take on capitalism, noted that the state had to, for instance, break up the formation of monopolies that would arise naturally in an entirely laissez-faire environment.

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