You are viewing a single comment's thread from:

RE: Whales and Others: Their Behavior On Full Display

in #whales7 years ago

Isn't your counter argument based on 'feeling that what people are earning is nobody's business' a 'feelz' too?
In every country in the world, down to the most capitalist ones, you will find rules and regulations that limit the amount of income or power of those who have the most. It has nothing to do with communism or philosophy. It's a simply that the market cannot survive if the majority falls into one or a few parties. It is for this reason that monopolies, for example, are prohibited, even in capitalist countries.

If we apply your logic to monopolies, then we should simply allow them to exist because those are what people spend their money on and nobody should interfere what they are earning.

I'm not saying the logic is flawed, but I do think there are more nuances than black/white

Sort:  

Regulation kills competition and is most often used to benefit big corporations (whales), and if you think there are no monopolies in capitalist countries then you need to study up on business economics.

Your arguments are weak at best.

There are no capitalist countries. Places like Singapore, HK, Switzerland, Estonia, Monaco comes close.

“The masses do not like those who surpass them in any regard. The average man envies and hates those who are different.”
― Ludwig von Mises, The Ultimate Foundation of Economic Science

“It is vain to fight totalitarianism by adopting totalitarian methods. Freedom can only be won by men unconditionally committed to the principles of freedom. The first requisite for a better social order is the return to unrestricted freedom of thought and speech.”
― Ludwig von Mises, Omnipotent Government

Eh.. I welcome discussion, but your closing remark kind of kills any motivation I have to respond, sorry

'feeling that what people are earning is nobody's business' a 'feelz' too?

Absolutely not. It's called the Non-Aggression-Principle. It's a natural right and an axiom. One's right to swing his stick stops at the other person's nose. Period.

I recommend reading https://www.goodreads.com/author/quotes/89275.Fr_d_ric_Bastiat
https://www.goodreads.com/author/quotes/46766.Ludwig_von_Mises
If you are willing to read at least the quotes in those links, it'll save me a lot of time.

Coin Marketplace

STEEM 0.26
TRX 0.20
JST 0.038
BTC 95102.79
ETH 3574.19
USDT 1.00
SBD 3.81