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this post was submitted on 20 Sep 2023
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Today I Learned
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Of course it needs laws to curtail the worst of the impacts capitalism has. Capitalism is a system that distributes a finite amount of resources between demand that outstrips supply. It doesn't concern itself dishonest actors, that is what the judicial system is for. McDonalds was such a dishonest actor and that they got away with it is a failure of the judicial system.
You're confusing actual institutions with its philosophy.
Capitalism is also not the only system to distribute resources. Capitalism isn't concerned with anything as it's not an actual living thing. But to pretend that it doesn't incentivize ruthlessness or greed is simply untrue.