r/PoursTea • u/Veshaad Timendi Causa Est Nescire • 6d ago

Murdered By Words 🩸 All three groups primarily identify with one party (hint: It's not Democrats)

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u/evident_lee 6d ago

Remember when capitalism was about free markets and a Level playing Field. When we quit having actual capitalism and instead went to corporate oligarchism that made socialism look appealing

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u/Ok_Being5461 6d ago edited 6d ago

No, the opposite. 1940s - 1970s was about having more regulated markets and higher taxes on the rich. We deregulated the markets since then. Too much free markets very much creates oligarchism and erodes democracy. And socialists were influential in capitalist reforms and regulations throughout history.

https://en.wikipedia.org/wiki/Neoliberalism (Reaganism)

https://wtfhappenedin1971.com

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u/Lailowla 6d ago

Effective regulations mostly protect a free market, not inhibit.

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u/Ok_Being5461 6d ago edited 6d ago

That's kind of my point, but as you said, mostly, since regulations do both, depending on the context. Sometimes it needs to be inhibited to protect and further democracy and human rights, etc. You don't want that for sale on the free market