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View Diary: No, Seriously, What is Libertarian Populism? (124 comments)

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  •  Capitalism itself would go belly up. (1+ / 0-)
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    caul

    That's the real irony.

    Since 1970, governments around the world have bailed it out more than a 100 times, to the tune of trillions. In the 90s alone, 72 times.

    Take away government supports, and capitalism dies. Its inherent contradictions won't let it keep going. It needs price and wage supports, public social safety nets, public infrastructure, R and D, etc. etc.

    If left to its own devices, it will keep reducing wages until their is no consumer base. If left to its own devices, it will keep hoovering up and concentrating wealth at the very top until there is no one left to buy its products.

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