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No, which is exactly the point.

The merchant guilds were to a certain extend a formalization of relationship between regulation and rent seeking. Regulations are always heavily influenced by rent seeking, which is why they need to be minimized.

So no, you do not: Economies are the subset of human behavior based on the pursuit of profit. Capitalism is an economic system based on the voluntary exchange of goods and services. Colonial-Mercantilism, slavery, serfdom, and palace economies are all distinct from the capitalist system...

You keep using the word "Capitalism" but I don't think you know what that word means.

There is nothing that has done to make evil people act like civilized men than capitalism. The one lesson of utilitarianism is that capitalism is the best environment to make evil act in a way that resembles good. Also, a majority of problmes that are blamed on capitalism are actually the...

I keep hearing from Razorfist that Marx and Lennin were basically used as weapons during the first world war era. Germany and Russia would give them some money, and send them to someone they didn't like in order to cause trouble, like they were sentient chain letters.

Do to a diplomatic incident that was resolved by a Pepsi representative, the Soviets fell in love with Pepsi. Do to various trade barriers, the Soviets ended up paying Pepsico in vodka for their soda. However, the ineffective management of the Soviets was so inelastic that they eventually ran...

While it purports itself to be for the sake of the working class, it is always academics and bureaucrats that champion and benefit communism.

Basically war + famine caused trade to break down, then the institutions fell apart because they were all interdependent.

Has anyone else noticed how the planned economy of a communist stat is essentially the palace economy of a bronze age civilization? You even have the focus on massive public works project, and the total dependacy of knowledge on the priestly class (the communist party).

All laws eventually result in someone getting shot by the police to enforce the law, because someone will eventually say no with a gun. If they or the police are in the wrong is another matter.

Socialism is impossible. Not that it in that it goes against human nature, but that socialist equity violates the laws of physics. You may wonder how physics applies to a social institution, so let me take you to the scariest part of physics: entropy. Entropy applies at every scale imaginable...

Communism was not created by Carl Marx, it actually had its inception during the French revolution with the French communes. Also, despite communists liking to use the word "reactionary" as an insult, Karl Marx was a bigger reactionary than most people they use it on. What he basically wanted...