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Originally Posted by jonesieQ
Capitalism does raise the quality of life, no question. But the time for the free market, Adam Smith routine is over.
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Not remotely. In fact, your first sentence in this paragraph reduces your second sentence to nonsense.
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The evolutions of our societies and systems since the Industrial Revolution have brought new standards. Laissez-faire systems, particularly now, are just abusive to a majority of the populations.
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Helpful of you to give me an idea of what anticapitalist and antihuman lies the economically illiterate Left will try next -- particularly the skewed notion that increasing wealth, rather than organizing scarcity, is "abusive to a majority."
Laissez-faire plus ethics and well secured property rights are the principles that teamed together work, and those who tell you capitalists aren't influenced by ethics are trying to sell you falsity and class resentment -- shoddy goods, and you shouldn't buy them. For longterm success and greatest wealth -- and is there a good capitalist who wouldn't want them? -- fair and ethical dealing is the one road that works every single time. Yeah, jerks have prospered before. You can ask the Enron guys how that turned out.