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alexflint comments on Our House, My Rules - Less Wrong
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I agree with Julian completely but I would add the observation that there are no countries today with anything remotely resembling pure capitalism. Europe, the US, and the remainder of the traditional "west" are particularly far away from such an ideal.
Agreed. Really free markets were regulated away in the early 20th century, it what has always felt to me like a case of trying to trade stability for growth by preventing whatever caused massive volatility in the past from happening again.