| ▲ | andsoitis 2 hours ago | |
> Unregulated capitalism inevitably trends towards a mafia state with an oligarchic structure and concentrated monopolistic power. It’s just an empirical fact at this point. Has there ever been a jurisdiction with unregulated capitalism? I'm unaware of any. Even the most laissez-faire economies have had bedrock legal infrastructure: property rights enforcement, contract law, courts, which is regulation. Maybe you’re thinking of anarcho-capitalism? But that has never worked at scale. | ||