| ▲ | Quarrelsome 2 hours ago | ||||||||||||||||||||||||||||||||||
but it does that because of US hegemony empowering its equity to be extractive. We've lost a lot of organisations in the UK due to aggressive and leveraged buyouts. That's not necessarily reflective of capitalism as an abstract but geo-political reluctance in regulating its very worst excesses. I appreciate your position but I can't help but feel like it's like saying cars are crap because they breakdown too easily, when in practice; you're constantly red lining them. My point is that it doesn't have to be like this, but its a choice that we as society make, and we could choose to not make it. | |||||||||||||||||||||||||||||||||||
| ▲ | Jensson 2 hours ago | parent | next [-] | ||||||||||||||||||||||||||||||||||
> That's not necessarily reflective of capitalism as an abstract but geo-political reluctance in regulating its very worst excesses. That capitalism needs to be regulated or it results in these toxic outcomes is core to capitalism, yes, that is what we are saying. There is no benevolent capitalism without regulations. | |||||||||||||||||||||||||||||||||||
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| ▲ | saubeidl 2 hours ago | parent | prev [-] | ||||||||||||||||||||||||||||||||||
Lenin described this exact process a century ago: https://en.wikipedia.org/wiki/Imperialism,_the_Highest_Stage... The 'choice' is an illusion. To quote Lenin, the state becomes the 'executive committee of the financial oligarchy.' The refusal to regulate isn't a a choice or a policy failure; it's the inevitable outcome of the system. | |||||||||||||||||||||||||||||||||||
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