The place for leftist memes

1285 readers

1 users here now

Welcome to the dank left

Basic rules: *No reposting. Just don't do it.

*Be respectful. Remember the human.

*Don't post content glorifying the right This should be pretty obvious.

*Keep it dank This includes, keeping the content humorous and fresh in multiple, bizarrerie ways Only post content that is humorous and fresh.

*The notion of Leftist unity is not enforced or encouraged. It always ends with one group siliencing others.

founded 5 years ago

319

checkmate (lemmy.ml)

submitted 1 year ago by Napain@lemmy.ml to c/dank_left@lemmy.ml

91 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] irmoz@reddthat.com 2 points 1 year ago

“Unregulated Capitalism” is the model that most closely describes the behavior observed in underground/black markets.

Yes.

It is the state that emerges when humans make the choice to engage in commerce without regulation: capital gets allocated according to the laws of natural selection instead of supply and demand

No. Commerce without regulation existed for millennia, as you have correctly addressed here:

Humans lived in stateless societies for longer than we’ve had recorded history.

The black market is indeed commerce without regulation. That's the unregulated part. But it isn't just that. It is also a hierarchical system with privately accumulating capital at the tops of a steadily diminishing number of pyramids - that's the capitalism part - with no overarching authority to regulate it. In short, unregulated capitalism.