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Cake day: July 8th, 2023

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  • Norway is actually a good example of this – where pro-social regulatory policies (i.e. beneficial not from the perspective of capital, but from the perspective of actual societal conditions) are used to help mitigate some of the BS that capitalism produces.

    Regardless… Yeah, it’s a problem with capitalism. It’s a problem that stems from the literal core of the ‘system’: utilizing ‘capital’ to find opportunities for the creation and extraction of ‘surplus’ from labor and its products.

    It’s great that regulation is able to reign in, in some cases, the deeply criminal BS that such a system naturally produces… But it seems like a huge overreach to assume this is possible “globally” (as it would need to be for a blanket statement like that to be true).












  • Capitalism and free markets are separate things within the economic “sphere” of society. Capitalism is an economic doctrine that focuses on directing production through private capital; free markets (in theory) ensure “equal access” to markets for products (as compared to monopoly or (economic, not necessarily drug) cartel markets which restrict access).

    Over in the “public sphere”, governments decide whether to jump in bed with private capital (often resulting in monopolies or cartels in economic marketplacs), or to make & enforce regulations that protect the (so-called) free market.

    Or to make and enforce regulations that protect consumers – i.e. human f-ing beings – and enrich local economies without protectionism and “zero sum games”, but I guess we shouldn’t get too carried away here ;)