(This post was last modified: 04-07-2023, 11:33 AM by DanLaw.)
(04-06-2023, 11:14 PM)ischiapp Wrote:(04-06-2023, 10:45 PM)Marko Wrote: I guess it’s like sports - you can only have true competition when everyone plays by the rules.I see. And I’d love to.
But from my point of view (vey low), the market has been the same since ancient Rome.
Caveat emptor.
The central theme of Hobbes' 'Leviathan' is that governments are needed to prevent chaos and the law of the jungle so that society and, by extension, commerce&c may develop to the betterment of the people.
The market was not always a lawless frontier. There was this thing termed regulatory oversight that had a very positive impact until neoliberalism rotted Western Civilization beginning in the 70s and fully metastasizing in the 90s. If I recall correctly, Italy flourished under a regulated market where even the wealthy industrialists felt a commitment to the long term thriving of the Italian citizenry.