this post was submitted on 11 Jun 2024
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Then it's a good thing that no countries have pure capitalism for their economy.
We need regulation on corporations to keep them in check.
America: πΊπΈπΊπΈπΊπΈπ¦ π¦ π¦
America doesn't have a pure capitalist economy.
A pure capitalist economy would have a free market system with no government intervention.
Almost every country has a mix between capitalism and socialism for their economies.
A pure capitalist economy is terrible just as much as a pure socialist economy would be terrible.
The trick is finding the right balance between the two.
You're downvoted, maybe because people think you promoted the current system (I don't see that), but what you wrote is technical correct.
The US has less regulations than it used to have, but there are still rules (e.g. laws against insider trading and stock manipulation, labour laws, consumer and environmental protection etc.).
Unfortunately the existing rule are being gamed into oblivion and I'm not saying they are sufficient nor do I deny their decline. I'm just saying it could (and maybe will) be worse than now.