AusFinance

1037 readers

3 users here now

founded 2 years ago

MODERATORS

[email protected]

Breaking: Major banks respond following RBA decision to cut interest rates (www.abc.net.au)

submitted 2 weeks ago by [email protected] to c/[email protected]

20 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 2 weeks ago (1 children)

That's how capitalism works without government intervention, until the wealthy are so wealthy they buy all assets and our politicians, yes. Eventually capitalism will eat democracy if you let it.

[–] [email protected] 1 points 2 weeks ago (1 children)

Eventually capitalism will eat democracy if you let it.

"Eventually". Cool.

Is there a better system than capitalism? Nope.

[–] [email protected] 1 points 2 weeks ago

You can have the Scandinavian model where the worst externalities are counteracted by government (with high taxes, no privatisation of important public services, etc).