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djoldman parent
Hello fellow economics major :)

Yep, capitalism fails in a few ways in the long run. Monopolies, imperfect competition, etc., which is why regulation is required to optimize the system.


pdimitar
Regulation against ruling class will never happen. They hire the regulators, more or less, with a few nice and hopeful exceptions, but they're vanishingly rare.

I believe the science knows how to fix capitalism, and has known for decades. But nobody from the rules wants that.

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