General Discussion
In reply to the discussion: "Seattle's Socialist City Councilor Offers Radical Response to Obama Speech" [View all]socialist_n_TN
(11,481 posts)at all. It doesn't work as it should when it's regulated. Which is why the capitalists spend so much time, money, and influence to buy out the politicians and the regulators. THAT IS ALWAYS WHAT HAPPENS WHEN REGULATIONS ARE PUT ONTO CAPITALISM.
I'll repeat because it's important and history shows it's true. As long as capitalism is allowed to exist it will do everything in it's power, legal, illegal, violent or non-violent to throw off those regulations. And BECAUSE they own the means of production, they own the power over people's livelihoods which means they own the power over politics and society. And THAT power means that they will ALWAYS eventually throw off any regulation put on them.
Look at the last century plus a few decades. Every time capitalism has been "tamed" by regulation, within a few short decades it has thrown off that regulation in it's quest for it's natural, unregulated state. Which mean the people fight this particular battle every few generations.
Regulating capitalism is like riding a hungry tiger. It's VERY difficult to do and you're ALWAYS in danger of being eaten.