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There's Nothing Green About Socialism - HumanProgress
(www.humanprogress.org)
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this post was submitted on 26 Jul 2023
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In my opinion when you start having oligarchs and this amount of wealth inequality, it's only a symptom that the state is failing to do what was created to do, at-least in theory.
The state should be only a regulator, more like a referee in the market. Currently everywhere in western democracies the state is failing to do it. We have the lower income people getting taxed to hell, either directly or by proxy while the uber-rich are influencing the state regulation directly.
Do not take this as a personal attack but your perspective is naive. All around the world capitalists argue for libertarianism or other forms of state stepping back from regulating oligarchy. It’s a feature of capitalism to aim for oligarchy. At least in practice.
Just like 20th century Soviet/Chinese/Cuban communism did not prevent oligarchs. Neither does the current crop of capitalism. They both - in practice- created easy path to oligarchy.
I understand your point, that's why I consider that the state should be an independent regulator. What's happening right now is that due to corruption the state is failing to do it so.
I'm changing the user note I added to you from "right wing nut" to "confused socialist"
Cato institute capitalism by nature tends toward maximum inequality
Exactly. It’s Cato directly that it arguing for unregulated market in an oligarchy. So OP needs to be clear who wrote the source.
Regulation is inherently anti-capitalist. All regulation is some form of restriction essentially adopted to try and fix a flaw in capitalism.