I was never into economics but this article makes a whole lot of sense to me. The days of operating a private business without government intervention are long gone. Name one business without licenses, permits, taxes, or other impediments.
To paraphrase financial journalist Jim Grant, what we have is much closer to some sort of smiley-faced socialism. Government doesn’t fully own the means of production, but it directs the daylights out of them. Especially in financial markets.
Read more of this @ Capitalism vs. Smiley-Faced Socialism
To paraphrase financial journalist Jim Grant, what we have is much closer to some sort of smiley-faced socialism. Government doesn’t fully own the means of production, but it directs the daylights out of them. Especially in financial markets.
Read more of this @ Capitalism vs. Smiley-Faced Socialism