this post was submitted on 20 Jul 2025
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[โ€“] Cowbee@lemmy.ml 14 points 3 months ago (1 children)

Regulated capitalism is still capitalism, and the reasons why those stronger regulations have eroded is because the Soviet Union no longer exists in close proximity to Europe as an alternative for the west.

[โ€“] bountygiver@lemmy.ml 6 points 3 months ago

Yup even Adam Smith himself did said regulation is needed for capitalism.