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Off Topic / Re: The Economic Collapse
« Last post by Findecanor on Wed, 18 March 2026, 05:45:47 »"Free-market capitalism, for "free market" in the libertarian sense, specifically.
Communism suffers from the same fallacy: people with power and influence cannot be trusted to not be selfish and self-serving.
There is no "invisible hand" composed of all parts of the system that is governing things. The system has to be governed by people, through laws and regulations, and enforcement of those laws and regulations.
Conventions are good but not good enough: because that opens up the possibility of someone finding a way to ignore the conventions and disrupting the market.
Communism suffers from the same fallacy: people with power and influence cannot be trusted to not be selfish and self-serving.
There is no "invisible hand" composed of all parts of the system that is governing things. The system has to be governed by people, through laws and regulations, and enforcement of those laws and regulations.
Conventions are good but not good enough: because that opens up the possibility of someone finding a way to ignore the conventions and disrupting the market.

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