Re: Won't someone think of the great, great, great grandchildren.
You don’t seem to understand the difference between capitalism and a free market economy.
This is absolutely capitalism max, plus a slightly less than free market.
The experiments of Ayn Rand have been done, and the results are available for everybody to see, without debate.
Totally unregulated free market: Somalia and Yemen. Failed state. Quickly dissolves capital, and hence capitalism, which is no match for the true free market.
Pure capitalism: a command economy *easily* beats a free market, economically, with its hands tied behind its back. China is key exponent of this approach. Once again - communism and capitalism have absolutely *nothing* opposite about them. The truest capitalism is a command economy of factory bosses. That’s Putin’s Russia too. Putin just isn’t as good a capitalist as Xi.
The problem is neither of these systems is very compatible with democracy. Nor does democracy necessarily maximise GDP. Nobody claimed it did.
Biting the hand that feeds IT
