Oddbean new post about | logout
 This was one point from Mises that I struggled with as well. When the fed bails out major banks like SVB and Wall Street during the GFC, it’s hard to believe this is capitalism. They removed the buy button on GameStop and halt trading all the time. It’s is literally controlled by them lmao I will say that viewing capitalism/socialism as a spectrum is probably better. America is more capitalistic than China and China is more capitalistic than Soviet Russia. I don’t think we’ve ever seen pure capitalism and we won’t as long as you have violent individuals doing business as the government taxing and regulating everything.