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Is There a Difference Between Socialism and Capitalism?
A lot of human history can be told through the lens of class struggle. I think you would have perfectly efficient, market-based firms that exist without capitalists. If tomorrow all those regulations went away, capitalists would fight to pay people as little as possible. Do we believe ordinary people know more about their work than their bosses? There's no doubt that in workplaces, workers know how to productively do their tasks.