Re:American capitalism has taken an apocalyptic turn
by WalterBright on Thursday June 04, 2026 @04:16AM
(#48395707)
> The user in question, begins with assumptions on how wealth and markets work that do not match anything I know of in economics.
I'm not surprised. My dad taught free market economics as a professor in his later years. Students would come up to him shocked that there was a case for free markets.
May I recommend any of Milton Friedman's books. Or "Capitalism" by Reisman. https://www.amazon.com/Capitalism-Treatise-Economics-Vol-1/d...
> in a market economy there is no theft
A free market economy is based on no force or fraud, and the government's job is to enforce that.
> wealth concentration does not occur.
Correct, in a free market.
Re:American capitalism has taken an apocalyptic turn
by satvikpendem on Thursday June 04, 2026 @01:13PM
(#48401594)
I broadly agree with you, but do you believe the US has a free market? With regulatory capture and other ways to influence politics to favor one corporation over another, I don't think it fully does.
At one point they say that in a market economy there is no theft.
At another point they say that wealth concentration does not occur.
To begin to explain how they are working, I would have to invest in understanding the specific ideological framework they are using. Then figure out how to translate normal terms into their model.
This is a degree of care and effort I spend on people I love and care deeply about.
There is a threshold after which “educate yourself” is a genuine and reasonable statement, because the average person does not have the above average capability required to disentangle the motivated reasoning of a commenter.