this post was submitted on 20 Aug 2023
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[–] Noughmad@programming.dev 41 points 1 year ago* (last edited 1 year ago) (2 children)

Market != Capitalism. You can have a free market without capitalism, and capitalism without a free market.

The hexbears will attack me for saying that a regulated free market is good and a planned economy is bad. The others will attack me for saying that capitalism is bad and that we should have market socialism instead. But if we can't have that, a capitalist free market has proven much less bad than any planned economy, as long as it's regulated enough that it stays free.

[–] Kidplayer_666@lemm.ee 6 points 1 year ago (2 children)

Since nobody agrees with terminology, we might as well just say: we should do Scandinavia

[–] Noughmad@programming.dev 2 points 1 year ago (1 children)

Do you mean their economy and policies, or their people? In either case, I agree.

[–] gamey@feddit.rocks 6 points 1 year ago* (last edited 1 year ago)

That's the thing, when people say free market they mean a unregulated one and not a social democracy, markets are a effective tool to generate wealth and progress but they don't spread that wealth very well and profit over everything isn't a great way to help people so you need heavy regulations and certain areas shouldn't be under market control at all because people can't choose to use them!