Sigh… uh, yeah. Communist countries control prices and economic activity to a far greater degree. Like, so much more that it’s absurd to claim that, which is the point here. The link also barely says what you claim it does.
Yes, but that’s an incredibly simplistic point of view. Plenty of capitalist economies also have limits on prices. In the US, over 40 states already have price gouging laws on the books for years, going back to 1979. The EU has enacted various statutes to control prices of consumer goods as well. You could call it socialist, perhaps… but it’s also kind of silly to think that capitalism means unbridled capitalism with no regulation. That’s never been how it worked. When the US nationalizes Walmart, Kroger and ConAgra let me know.
@zeppo I completely agree with you here. We are not in a pure, Capitalist society. Right now, we are in what is known as a mixed market economy.
However, I would posit that we are closer to the free market model than a planned economy, and the farther away we move from the free market model, the closer we get to a planned economy. It doesn’t mean that we’re there already, but, in general, moving away from the free market model sets off red flags for those worried ending up in a planned economy.
@zeppo Sigh…you’re going to argue that price controls aren’t characteristic of #Communism, aren’t you?
#Brittanica describes price controls as non-capitalistic:
https://www.britannica.com/money/price-system/Noncapitalist-price-systems
Sigh… uh, yeah. Communist countries control prices and economic activity to a far greater degree. Like, so much more that it’s absurd to claim that, which is the point here. The link also barely says what you claim it does.
@zeppo Would you agree that, generally, #Communism usually controls prices, and #Capitalism usually does not?
Yes, but that’s an incredibly simplistic point of view. Plenty of capitalist economies also have limits on prices. In the US, over 40 states already have price gouging laws on the books for years, going back to 1979. The EU has enacted various statutes to control prices of consumer goods as well. You could call it socialist, perhaps… but it’s also kind of silly to think that capitalism means unbridled capitalism with no regulation. That’s never been how it worked. When the US nationalizes Walmart, Kroger and ConAgra let me know.
@zeppo I completely agree with you here. We are not in a pure, Capitalist society. Right now, we are in what is known as a mixed market economy.
However, I would posit that we are closer to the free market model than a planned economy, and the farther away we move from the free market model, the closer we get to a planned economy. It doesn’t mean that we’re there already, but, in general, moving away from the free market model sets off red flags for those worried ending up in a planned economy.
Yeah, uh… so what do you think about subsidies on major agricultural products such as corn, wheat and beef? Should we cancel all of that?
@zeppo I’d have to look more into what the impacts of such a policy would be but I certainly support cancelling those subsidies on principle.