Re:How the West Got China Wrong
by sideshowb on Friday March 02, 2018 @07:16AM
(#16500855)
> Capitalism is the ability of freely trade private property, among other things.
Within limits. For example, we can't freely trade slaves, sex with minors, powerful weapons, etc, and I'm sure most of us are pretty thankful for that. Most western nations also have limits on trading private property, inasmuch as such trade is taxed. See Ha Joon Chang's books for a reminder that "free" markets aren't really as free as the ideology would have you believe.
Within limits. For example, we can't freely trade slaves, sex with minors, powerful weapons, etc, and I'm sure most of us are pretty thankful for that. Most western nations also have limits on trading private property, inasmuch as such trade is taxed. See Ha Joon Chang's books for a reminder that "free" markets aren't really as free as the ideology would have you believe.