Mar 24, 2022
"The greatest failing of capitalism is it puts no limits on greed." Really? In free-market capitalism, my greed limits someone else’s greed and vice versa. When good-hearted people put limits on greed, only the most wealthy can hire lobbyists to find a way to be exempted. As a result, we get weird capitalism, where the rich get richer, and the poor get poorer.
Suggested reading: “Capitalism versus socialism.”