@scarly
It all stems from the classical liberal ideals of anti protectionism, trade tarrifs ect, on steroids. The idea is that liberty fundimentally makes everything better, less regulations means more liberty, so less regulations will make everything better.
@CornishRepublicanArmy to me, this is actually an extremely strange perspective
i studied economics in grad school and it seemed to me that we kept talking about all of these costs that are being imposed by profit seeking organizations that are not being counter balanced by regulations
it's interesting, because it seemed like almost right about the time i learned all of this stuff about negative externalities and how they're a weakness of our "free markets" - they stopped really teaching it
@CornishRepublicanArmy i suppose that what i learned was that it's almost impossible to regulate effectively but you absolutely have to regulate in order to buy time in a capitalist system while wealth centralizes with the most wealthy
no one's really sure what comes next, at least not in textbooks and economic theory. tbh, that's why i ended up an anarcho socialist. it really didn't seem like there were any good answers in the books. my solution is to just take the whole damn thing apart.
@CornishRepublicanArmy that's really too bad, considering that it really does seem to be ripping itself apart
@scarly
Hmmm, if only a beared German man had told them all capitalism is inherently bound to destroy itself due to fundimental contradictions