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Originally Posted by Eric5273
regulations and oversignt = socialism
capitalism = no regulations and oversignt.
Americans need to make up their minds which one they want. If they want socialism, then a lot of changes are in order. If they want capitalism, then have capitalism. But don't pretend to want capitalism while slipping socialism into the mix. Last time I checked, "free market" did not include government regulations and oversignt.
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That is an extremely polarizing position. Regulations are simply laws, and you are saying therefore that it is not a free society because there are some laws on the books? That is like saying that we don't live in a democracy because I can't vote individually to set my own speed limit. Capitalism in its purest sense is pretty theoretical, I don't think many would take it to the extreme that a mixed economy with a few regulations to stop theft and fraud is actually a form of socialism. But I guess it helps sell fear.
There is a point at which market intervention is such an influence that it becomes the dominant force, but laws in and of themselves do not make a society socialist.
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