LETTER: Regulation of capitalism, and not the system itself, creates problems
Liberal political viewpoint facilitates excesses
03 October 2019 - 17:03
Capitalism, as with democracy, is not a good socioeconomic system but is better than all the others experienced by mankind until now.
Serbian-American economist Branko Milanovic is right that greed is the ultimate driver of capitalism, but I suggest that greed and its associated vices are part of the human condition. They are addressed either philosophically/religiously at an intellectual level or by the concerted power of human co-operation through governments...
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