Subj : Re: Recession to Depressi
To   : Dr. What
From : Boraxman
Date : Fri Jul 15 2022 21:16:03

  Re: Re: Recession to Depressi
  By: Dr. What to Kaelon on Wed Jul 13 2022 08:27 am

 >  Ka> Capitalism with safeguards and proper institutional regulation is
 >  Ka> necessary in order to build a long-term vision that ensures that
 >  Ka> vulnerable investors are protected from exploitation, and that
 >  Ka> companies have to demonstrate their actual value so that informed
 >  Ka> investors can be - well, informed!  Private Equity, especially in
 >  Ka> technology, is largely responsible for obfuscating real value and there
 >  Ka> is now a reckoning where more than half of all technology companies in
 >  Ka> the world are fundamentally insolvent.
 >
 > This pile of nonsence is what is called "soft socialism".
 >
 > "Capitalism is great, but it needs to be controlled".  "Controlled" meaning
 > run by "smart" people, usually the state, which only has people who think
 > that they are smart.
 >
 > The lame excuses of "we need to 'protect' people from exploitation" is the
 > normal cry.  In Capitalism there are risks - that's just part of life.  And
 > having the gov't "protect" people from their mistakes is just keeping them
 > like children - and controlling them.
 >
That is not socailism.  It is not near socialism.

Capitalism run amok leads to exploitation and crisis because the particular forces that drive it have no countervailing force.  We need to stop the excesses, prevent pathological situations such as monopolies from forming, and to have other means to keep society in check and regulate activity.

We live in a democracy, and without regulation a small minority of Capitalists could, would, have undue influence on society.

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