bripat9643
Diamond Member
- Apr 1, 2011
- 170,163
- 47,312
SO basically you are omitting Ancient Egypt, Rome, Greece, etc as prime examples of private ownership and transaction that were subject to taxes and legislation; sound familiar?.
The rules in those societies differed significantly from what we would call private ownership. For instance, in the Roman Empire powerful Senators were often able to simply appropriate the land of small free-holders.
All the major collapses were caused by government meddling in the economy.
Unfettered Capitalism doesn't work in the long run, or shall we say the gas usually runs out after 2-4 years.
Never has, never will.
Unfettered capitalism works beautifully. The United States has had the closest thing to it, and as a result we are one of the richest countries in the world.
The gas runs out when government starts imposing price controls and regulations that restrict drilling.
We have Eminent Domain; no society has ever lacked such a concept..
I assume you're referring to my remarks about Rome. That had nothing to do with Eminent Domain. The Senators confiscated the properties simply to add them to their personal estates.
In terms of unfettered, you really should start reading some magazines on a weekly basis for a consistent 3 year span.
In fact, see if the WSJ has subscriptions with access to archives and start reading from Jan 2006 onward.
Unfettered...Never worked for more than 3-4 years, never will.
We have never had "unfettered" capitalism, and it has been heavily fettered ever since about 1914 when the Wilson reign began. Government has caused virtually every financial panic or economic downturn we have experienced, so that doesn't support your theory very well.
Perhaps you should read some books on economics since you obviously don't understand the slightest thing about the topic. You also have a very limited knowledge of history, despite your pretensions of superiority.