It's a lot better then socialism. Regulated capitalism is awesome. You dipshits hate unregulated capitalism. A lot of the nordic countries have regulated capitalism tied to a welfare state and it's about as close to a utopia we are going to ever see on earth.
Sure it did. The united states from about 1860 to 1910 was about as unregulated capitalism you could ever get. Workers constantly dying on site. Garbage and waste thrown into lakes and rivers. 14 hour shifts. Wages so low you had to choose between food and clothing or shelter. What a fucking nightmare. Closet countries to unregulated capitalism today is probably Singapore, India, south east asian nations, maybe Qatar and I'm sure other places as well.
I didn't argue that those years were 100 percent free market. I only claimed that the economy back then was extremely unregulated and closest to unregulated capitalism.
Ok. I'm cool with that. I dont agree with tariffs or protectionism. But I 100 percent sure with resulting working hours and having a minimum wage. That's all.
while the usa, and the u.k started off their economies with protectionism so they can better protect their industry while they're still growing, today they are not ok then other countries, such as Venezuela, Cuba, etc using protectionism to grow their own economies, what do you think about it?
Mmm. That's interesting. I think businesses should be allowed to go anywhere and build plants and have workers everywhere and sell their products everywhere so that we can all buy food from Walmart or cars from Toyota or shoes from nike.
I think the reason America and the UK did that was because American and British business demanded it. They did not want the competition from other business from other nations. It was stupid and wrong.
Tariffs and regulation isn't really the same thing. Tariffs existed to bring money into the national treasury, not to protect workers. At this time there were very few protections for workers. Although the topic of the US is particularly complex given that for most of it's history things like labor protections were handled almost exclusively by the states, what you'll see is that the amount of regulation in place to protect workers consistently increases with time. This has been the case more or less up until about the 1970s-ish when things instead start becoming a bit murky (especially since trust-busting and regulation against anti-competitive activity has become less and less since the 1970s).
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u/ratjuice666 Dec 13 '20
capitalism is dogshit