Re:How the West Got China Wrong
by dna_polymerase on Friday March 02, 2018 @06:37AM
(#16500692)
> Capitalism is the ability of freely trade private property, among other things.
Wrong. Capitalism is about maximizing profits and accumulation of wealth. Free markets are essentially a very hostile environment to that. As soon as big players emerge in a field they will root for protectionism. Less competition leads to more profit. Free markets are something completely different.
Wrong. Capitalism is about maximizing profits and accumulation of wealth. Free markets are essentially a very hostile environment to that. As soon as big players emerge in a field they will root for protectionism. Less competition leads to more profit. Free markets are something completely different.