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Pure capitalism represents voluntary interactions. How exactly does coercion produce value? Pyramids?


"Pure capitalism represents voluntary interactions"

The "truly free market" can never achieve the "pure" capitalism you propose in practice, then, because deregulation involves a great deal of involuntary choices forced on the consumer (as opposed to being forced onto the business.)


And that's why you need regulation: it ensures that interactions are indeed voluntary, and that both parties have access to the same amount of information.


I agree, regulation is important. Too important to entrust to a monopolistic force on violence.




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