Reply #66: nonsense. you're listening to politicians with an agenda, not economists who understand capitalism.

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politicians who want to cut regulation abuse many economic concepts, capitalism among them, in order to gain credibility for their discredited ideas that are inspired more by lobbyist campaign contributions than by substantive philosophy or economic reality.

what they push is a laissez-faire system, which is essentially to let companies do whatever they can get away with. that system was largely discredited over a century ago, and thoroughly consigned to the trashbin of history by hoover.

until reagan and his evil minions dusted it off, that is.


in any event, it's not capitalism without proper competition and without marketplace participants playing by reasonable rules.