wrong. you certainly displayed your true colours on this thread, Kat
in the West, capitalism evolved from laissez-faire (unregulated) capitalism, to
regulated capitalism and is sadly now returning to laissez-faire (unregulated) capitalism
i think history will find the greatest social benefit occurred with there was regulated capitalism, which resulted in the establishment of the middle-class and associated culture
laissez-faire (unregulated) capitalism lead to:
1. slavery
2. exploitation of labour
3. monopoly/oligopoly
4. Great Depression
5. GFC
if anyone is a hypocrite it is you because:
1. ASX companies rely on government regulations & laws so they can trade & do business in a lawful & orderly market place
2. many ASX companies receive govt R&D and exploration incentive payments
3. some of the biggest ASX companies (CBA, TLS, CSL, etc) were once govt enterprises
4. cowboy Wall St capitalism required the govt/taxpayer to bail it out of the GFC
5. for capitalism to be successful it relies on well-paid workers who can purchase goods & services
when you grow up from the war & cowboy & indian movies of your childhood, Katoom, you might see society is mutually interdependent
