But to what extent was it the capitalist system that was responsible for the repugnant outcome?
One could well argue that the issue was the EU's price fixing on interest rates that was unsustainable. The UK just was blasted by having a separate currency, thus being a trading play. Had the EU rates been allowed to properly float (or at least be reality based), this would never have happened.
I have a lot of issues with "corporatism". And certainly I agree that capitalism can be taken too far. But still it has proven to be a solid basis for a starting point.
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