Re:Show HN: Billionaire Activist Investor calling for more l...
by sofixa on Sunday January 22, 2023 @08:49AM
(#34477336)
> We should decide whether we like free market capitalism or not.
Nothing should be treated as absolute. The man considered as one of the fathers of free market capitalism, Adam Smith, directly appeals to humanity and sympathy in his other popular book, The Theory of Moral Sentiments. Yet for some it's like, either we have full on free market, with child labour, capital having all the power and all, or a command economy.
How about a middle ground with a free* market with regulations restricting the worst abuses of the greedy human nature? That's what already exists btw, it just needs more tuning. With more regulations to stop newly found abuses - today it's not child labour, it's pollution of all sorts, or disregard for (near-)slave labour, or optimising for short term profits at any cost.
Nothing should be treated as absolute. The man considered as one of the fathers of free market capitalism, Adam Smith, directly appeals to humanity and sympathy in his other popular book, The Theory of Moral Sentiments. Yet for some it's like, either we have full on free market, with child labour, capital having all the power and all, or a command economy.
How about a middle ground with a free* market with regulations restricting the worst abuses of the greedy human nature? That's what already exists btw, it just needs more tuning. With more regulations to stop newly found abuses - today it's not child labour, it's pollution of all sorts, or disregard for (near-)slave labour, or optimising for short term profits at any cost.