|Forum - Wall Street Pit
||Stock Due Diligence for All|
|From: halleluyah (Rep: 155) reply to apmoore||Date: 03/18/2018 16:58|
|Forum: Wall Street Pit - Msg #2725316||Thread #673998297 (Rec: 0) |
|Re: Whats the point of capitalism, when socialist/communist countries can jus...|
You are confusing commerce and trade with capitalism. The entire world operates on global/national trade which is called commerce when on a large scale.
| Reply to apmoore - Msg #2725315 - 03/18/2018 16:50|
Re: Whats the point of capitalism, when socialist/communist countries can jus...
Very interesting. I think the concept of fair competition and what it means comes into play here. Anti-trust laws were created to encourage fair competition and restrict monopolies. The government getting involved in this process of competition( which usually has a winner) in order to make it fair does take away from the true idea of capitalism. However, if the government backs off, then it would be up to the consumers as they are ultimately responsible for how their money is spent and how the price system is set and ultimately how competition will work in the market. Can consumers be left with the responsibility of keeping the market competition fair?
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