this post was submitted on 20 Jul 2023
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How would giving complete economic power to the government eliminate special interests? Sure, it lowers their economic power in dollar terms but it does not lower their influence or incentives.
It's funny that people think it needs to be 100% one way government has "complete economic power", or 100% the other way unfettered capitalism, absolutely no rules, no regulation, free for all.
The short answer is: we need regulation. Businesses can run, but they shouldn't decide the rules.
Regulation is still capitalism. People in the western left and right seem to have forgotten this. The means of production are owned by private individuals. That's just laws. It's an equal playing field. Government programs are where it starts to get muddied.
I would say you can have capitalism with regulation. But regulation itself is not capitalism. Rules that are not based on market forces are literally outside capital forces.
Sure but it does not change the system from a capitalist one so it is still capitalism regulated by market forces.
You are the one that said "complete economic power to the government" and I am the one that said "The short answer is: we need regulation. Businesses can run, but they shouldnโt decide the rules." Do you see that? "Businesses can run".
No, it is not regulated only by market forces. We have introduced many, many non-market based regulations and rules. Absolute tons of rules and regulations are not market based. And like I said "Rules that are not based on market forces are literally outside capital forces."
We have regulated capitalism, not "capitalism regulated by market forces". If you want more see my reply https://lemmy.ca/comment/1421494
I predict you're going to keep doing weird attempts to say "but capitalism" and we're already at the point where I just point out what I've already said, so have fun.
If the ownership of the means of production is still held privately, it is still capitalism. That's the base definition. I'm sorry but you just don't understand basic definitions.
It's a very loose term to begin with but that's it.
https://www.google.com/search?q=define+capitalism