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69 sats \ 0 replies \ @kepford 7h \ parent \ on: Generation C: The Confused and Economically Illiterate Ones (WSJ, Andy Kessler) econ
@Undisciplined nails it as usual but I am using the term that I commonly hear. They actually just say capitalism but their working definition is more accurately called crony capitalism. Capitalism can function without the state. Just as there could be socialism without the state. In theory at least. This is was left anarchists and some communists envision. Anarcho-capitalism is the other extreme.