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RE: DECENTRALIZATION💰 does not mean absence of Morals or LAW!

in #decentralization • 7 years ago

I'm a bit confused on what you mean by not being able to get away with certain things in "the free market that you normally could in a capitalist system". The free market IS a capitalist system. The problem with today's view of "capitalism" is that people equate what we currently have as capitalism when in reality what we have is corporatism also known as crony capitalism. It's where large companies basically buy politicians votes through lobbying in order to have regulations passed in order to harm their competition.

Outside of that I agree with you 100%. True capitalism really only works if people actually have some form of moral compass and treat each other with compassion and fairness. It's too bad we don't see that today. Blockchain technology I think has given us a second chance to fix our economic errors and keep it right this time. I certainly am hoping that is the case.

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You are right but I guess that is what I was trying to say. Crony capitalism should not be taken as how a free market should be "ran". Private owners having a monopoly on markets and preventing free competition thats borderline socialism.

Yeah I gotcha. Was a good post all in all.