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2026-04-19 09:10:37 UTC
in reply to

TC Won't Give In To Lies on Nostr: George Monbiot makes a useful distinction between laissez faire capitalism and ...

George Monbiot makes a useful distinction between laissez faire capitalism and "housebroken" capitalism.

Housebroken capitalism was most visible in the 1950 when most businesses balanced profits with worker rights; understood the need for regulation and fair play; and supported govt provision of essential services.

We had nice things until Chicago and Austrian economists shifted all focus to profits. That's the ideology that has got to go.