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The 'wealth transfer' from boomers won't save Gen X and millennials
(www.nbcnews.com)
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this post was submitted on 30 Dec 2023
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That has nothing to do with capitalism. Germany and UK are pretty capitalist (probably more capitalist than US) and yet they either have a functioning private medicine or a completely nationalised one.
Lol "it's not capitalism, because a nationalized healthcare is capitalism"
The profit motive of capitalist controlled entities is completely capitalism; it's basically a textbook case of capitalism. Don't fool yourself by saying the countries with more socialized healthcare are somehow more capitalist to the one that doesn't.
Wut?
Germany and the UK are demonstrably less capitalist than the US, both because they are social democracies with large, taxpayer-funded social welfare systems, and because their economies are significantly more regulated by both state policies and widespread labor unions.
I disagree.
What an informative and well-argued counterpoint.
There's rarely a point in arguing with people with crazy ideas like you have here, but ok.
European regulations tend to protect consumers, while American regulations tend to protect monopolies. Consumer protection doesn't mean less capitalism, it actually promotes healthier competition.
Corporate protection does the opposite - it protects established market players from newcomers.
Based on?
Their feelings ¯\_(ツ)_/¯
Shit, more than I was expecting lol.
Replied above.
Regulations are inefficiencies, because corporations with profit motive will of course make good decisions for everyone
They do it all the time.
On a scale from 1 to 10 how delusional are you?
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