10 Reasons to Hate Capitalism

[BlindTiresias]

130. Incorrect

I said capitalism will trend towards deregulation because the capital class loathe it, this has two elements:

1. Actual de-regulation of business practices and standards in the developed world, which is what is currently happening in the EU, Canada, US, and Australia

2. Shifting of the worst of capitalism to the third world where there really isn't much regulation

This is a distinct argument from saying it has never been regulated, which your attribution to me is somewhat bizarre as I've already cited the labor movement and the reining in of capitalism in the developed world in the 30's and 40's in this very thread.


Yes, regulated capitalism is good stuff. Nobody in the first world disagrees although it is kind of ignoring the capitalism of the undeveloped world. The argument is that those with the money and ability to influence policy will de-regulate it to their own benefit and attempt to cut away at things like welfare, checks and balances in finance, and labor rights.