Conservative socialism?
The Gray Area with Sean Illing
00:00
Economic Coercion
Recognize that tyranny and coercion are not exclusive to government but can also exist within private economic interactions.
- Be aware that the idealized view of free-market capitalism, where everyone can easily walk away from a deal, is outdated, especially after the Industrial Revolution.
- Understand that markets are often oligopolistic, limiting true competition and enabling coercion by powerful private actors.
- Challenge the notion that the private sector is inherently a zone of freedom, as this can blind us to the ways in which markets can unjustly coerce individuals.
- Consider how conservatives and prevailing economic ideologies often operate under an outdated vision of the economy, obscuring the reality of economic coercion in modern markets.
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