cyprusgrump wrote:tsukoui wrote:
You will argue that there has never been "unregulated capitalism" and in a sense you are right. As I have said the elites, i.e. those with capital, have always cleverly managed the situation through regulation to avoid social crisis ending up as revolution. But there are many examples where relaxing regulation has led to social crisis. For many in the U.S., for example, social crisis is a daily reality.
So, to paraphrase your answer is "No, I cannot give any actual example of 'unregulated capitalism' leading to social crisis"?
What do you think social crisis in the States is? Why do you think the Conservatives after Thatcher were voted out?