Posted: Apr 14, 2020 3:02 am
OlivierK wrote:While I said that the corporate sector in a mixed economy drives wealth creation, I didn't say that the role of capitalism was limited to that role alone. As a corollary of not saying that, I certainly can not be said to have insisted on that.
While I said that regulation to price in externalities is a government responsibility, I didn't say that that's their only role, nor that regulation is their only role. As a corollary of not saying that, I certainly can not be said to have insisted on that.
Right. I unreservedly acknowledge that you never insisted on limiting the function of capitalism to being a wealth creator and government to regulator. I was wrong. My assertion that you did is a misrepresentation of your position, and I withdraw it. Apologies.