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Originally Posted by Dey Know Yayo
Originally Posted by TeamJordan79
The market isnt free though. You can't deny that favoritism, monopolies, coercion, nepotism and other machinations are still driving the whole system of capital flow.
I would honestly love to see how anarcho-capitalism would play out in a closed, impartial setting and how a real free market economy would fare without interference. As far as rule of law and protection goes, at this point in civilization, i believe it mostly caters to the established plutocracy and polyarchy in preserving their influence and decrease social mobility. Of course under current conditions, this is all merely but wishful thinking.
The market is far, far from free. Anarcho-capitalism would only make it less free, from a pragmatic sense.
Quickest way to make markets much fairer much quicker:
(1) Hike inheritance/estate taxes up to 80-90%. When someone dies, absolutely no one holds a moral/justifiable claim to his money. His child has not earned the money his parents made him. Bill Gates & Warren Buffett even agree with this. It would change the entire dynamic of wealth disparity, and overnight. Unfortunately this is the one issue which has a lobby almost exclusively funded by rich people... so not gonna happen.
(2) Eliminate agreements that lead to international reserve currencies a la Bretton Woods. Even less practical than (1).
(1) Would the money go towards the national budget? Most people would probably compare that to communism.
(2) Def not happening
Spoiler [+]
anarcho-capitalism might be the best bet after all given the despondent situation