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Thoughts on laissez-faire capitalism?

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Xuan12 · 31-35, M
If you're goal is to have an economic system that improves society, then look elsewhere. Capitalism only drives advancement when the market is competitive. One entity simply cannot be allowed to dominate a sector, as that power could be used to overwhelm any competition, and then in the absence of competition, gouge and stagnate the market space. Preventing this requires the intervention of society. Carefully regulated free markets have proven most efficient (for most matters) thus far, and that is simply not laissez-faire.