According to Jan Nissar “In a free-market economy where things are determined by supply and demand and based on costs of doing business, for the government to artificially control prices of certain items is untenable“ – FS 12/8/23.
What really is untenable is the unbridled capitalism Jan subscribes to. It is this unbridled capitalism – the invisible hand of the market forces – that has produced the unequal and divided societies we have around the world.
And, it is in recognition of this fact that Pope Francis described unbridled capitalism as the “dung of the devil“ – The Guardian 10/7/2015.
I suggest Jan reads acclaimed economist John Kenneth Galbraith’s book ‘The Culture of Contentment (1992)’, which critiques the situation in the western industrial world – a world that has increasingly separated into the haves and have-nots – to address his superficial understanding of how capitalism actually works.
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