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this post was submitted on 23 Oct 2023
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Under TRUE capitalism the market is free but regulated as needed.
We don't live in real capitalism, there is no regulation, the oligarchy has captured the agencies that were supposed to regulate the market.
I don't even know what to call what we have, plutocracy?
The market can't be free if it's regulated. Any intromission of the State in any voluntary exchange is stepping in the natural rights of its citizens.
The agencies are the oligarchy. The politicians and lobbyists benefit each other by the existence of regulations, taxation, subsidies, FIAT money, intellectual property, public licenses, monopolical privileges, etc.
Yes, we don't live in "real capitalism" (that is, in a free-market setting), we live in a corporatocracy.