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Thoughts on laissez-faire capitalism?

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Northwest · M
From an economic perspective, it works short term, when you have people with vision, controlling it. Sort of like the Wild West days, and similar periods, in Europe.

Long term, it does not advance the lives of individuals (education, quality of life, health, etc), and more egalitarian societies will overtake it.

The Silicon Valley could not have happened if the Wild West days had extended into the 20th Century.