The ethic based unwritten rules are actually required to make capitalism sustainable long term. If you don’t have those foundations capitalism will turn into oligarchy and eventually feudalism.
What many free market advocates don’t seem to understand is that free markets aren’t actually a default but require the right environment with certain government regulation and societal norms.
Folks like Jack Welch and Milton Friedman helped diminish those conditions. Now after 4 decades we’re seeing the results.
What many free market advocates don’t seem to understand is that free markets aren’t actually a default but require the right environment with certain government regulation and societal norms.
Folks like Jack Welch and Milton Friedman helped diminish those conditions. Now after 4 decades we’re seeing the results.