Capitalism is a tool, and the tool can be used well or it can be used badly. Companies are supposed to only care for their profits, but the governments are supposed to make the framework, the rules around that. In America the governments are obviously failing to do that in a lot of places. Perhaps in Europe and Asia too, but in a lot less harmful way.
The evil in the system is incompetence and a general lack of political philosophy and principles.
Yeah, Adam Smith was very explicit when he said monopolies had to be illegal and one person owning everything would ruin the whole system. It was always supposed to be regulated.
Capitalism is a tool, and the tool can be used well or it can be used badly. Companies are supposed to only care for their profits, but the governments are supposed to make the framework, the rules around that. In America the governments are obviously failing to do that in a lot of places. Perhaps in Europe and Asia too, but in a lot less harmful way.
The evil in the system is incompetence and a general lack of political philosophy and principles.
Yeah, Adam Smith was very explicit when he said monopolies had to be illegal and one person owning everything would ruin the whole system. It was always supposed to be regulated.