Basically every single economist who was not far far right wing/liberal, said that giving all the power to the small group of people, and removing society control over economy will fail, and it will create ultra wealth class, people without any morals, any empathy towards rest of the people. You don’t have to be a anarchist, socialist, communist, also people like Adam Smith, wrote the same thing.
From what i know, only very radical groups like Chicago Boys, promoted the model that we have right now.
It’s like with climate change. Every specialist, every one who knows the basics, is saying that you cannot pollute the world so much, and pretend that humans are not killing the ecosystem.
Basically every single economist who was not far far right wing/liberal, said that giving all the power to the small group of people, and removing society control over economy will fail, and it will create ultra wealth class, people without any morals, any empathy towards rest of the people. You don’t have to be a anarchist, socialist, communist, also people like Adam Smith, wrote the same thing.
From what i know, only very radical groups like Chicago Boys, promoted the model that we have right now.
It’s like with climate change. Every specialist, every one who knows the basics, is saying that you cannot pollute the world so much, and pretend that humans are not killing the ecosystem.
Yeah, Adam Smith hated rentier forms of economy, that’s how insane the current form is capitalism is.
It’s often called hyper capitalism for that reason.