Quote:
Originally Posted by oil
I thought Tietaja was actually advocating a "real" capitalism when he was suggesting the bastardized version we currently use is what has given rise to the problems mentioned so far. It turns out he isn't and I agree with his suggestion that a "pure" capitalism wouldn't work either.
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Let me rephrase that. Textbook mirages work. Really well. They often have perfect stable equilibriums. In this sense, pure capitalism has it's good sides. However, arguing that the necessary conditions for a "textbook capitalism" could exist in a world inhabited by humans would sound obscene at least. Not because "textbook capitalism" doesn't have an "everyone wins" equilibrium, but because the assumptions this mirage is built on are not realistically attainable in real world.