Joe Steel
Class Warrior
☭proletarian☭;2023991 said:Laissez-Faire fails because it falsely assumes everyone is moral and only wants to make a 'fair' profit while not exploiting his neighbor.
It does not
See Adam Smith
Greed is the motivating factor behind man with the free market the most efficient means to control that greed:
"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. "
"The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence. "
Greed makes free-market capitalism efficient. Law makes it equitable. Socialism is created by law and is the manifestation of morality.