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TopicDo you like capitalism?
averagejoel
12/03/19 2:02:38 PM
#128:


darkstar4221 posted...
averagejoel posted...
none of that is inherent to capitalism, but it can all coexist with capitalism, because those characteristics are not exclusive to socialism. neither is government regulation


Taken from wikipedia
https://en.wikipedia.org/wiki/Mixed_economy#Typology
This meaning of a mixed economy refers to a combination of market forces with state intervention in the form of regulations, macroeconomic policies and social welfare interventions aimed at improving market outcomes. As such, this type of mixed economy falls under the framework of a capitalistic market economy, with macroeconomic interventions aimed at promoting the stability of capitalism.[30] Other examples of common government activity in this form of mixed economy include environmental protection, maintenance of employment standards, a standardized welfare system and maintenance of competition.

Also capitalism is based on voluntarism, minimum wage laws and regulations that artificially increase the cost of hiring an employee is compulsory. The business owner does not have full control over their business because of regulations, that is anti-capitalism. Because capitalism means private ownership of the means of production and their operation for profit.

it's not anti-capitalism. a "mixed economy" is just capitalism with some social programs. it's not a fundamentally different economic system
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