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Comment by EpicEng | Hacker News Reader

No ideology is so nearly perfect that it can be successfully implemented wholesale. It's surprising to me that someone who I assume deals with edge cases on a daily basis wouldn't realize that.

Capitalism, just like a system of government, has pitfalls. What do you suggest; just let it run wild and hope for the best (hint; that's been tried.)

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Capitalism isn't nor shouldn't be a system of government.

Capitalism is an economic policy.

Well an important part of capitalism is preventing monopoly power from being wielded in such a way that it hurts markets.

A market can have significant problems, that hurt consumers, if significant market power is allowed to be used to create anti-competitive consequences.

Capitalism reasonably a system of governance. Politics is all about the distribution of power, and capitalism says that certain parts of society are governed by wealth. Eg. A land owner gets to do stuff on land that they own, or the board gets to choose a ceo.

To make a clearer comparison, we could hold general elections to choose the ceo of Coca-Cola like we do for things that we call "government"

I worded that a bit confusingly, but I assure you I know capitalism is not a system of government. I was using governance as another area where we have ideologies which simply can't be implemented wholesale without some tinkering around the edges.

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