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Reminder that up until recently, economic & market concepts included a requirement for strong government oversight. The originators/thought creators of capitalism talked about the need for such. Adam Smith argued relentlessly for regulation against monopolies, corruption, and rent-seeking. Libertarian ideologues retrofitted in the fantasy of self-regulating markets without oversight fairly recently and it is turning out to be a pretty disastrous retrofit. I agree, we must go back to true, pre idealog economic & market concepts, like Adam Smith argued for.




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