I‘ve long considered myself a capitalist. By which I’ve meant that I support our system of economic production and distribution which is privately owned and driven by free markets. The success of capitalism seems evident.
And yet, as I’ve gained more real-world experience living and making a living in a capitalist society, I’ve begun to moderate my view a bit.
When I was younger, I was a proponent of libertarian or “hands-off” views relative to markets. I was convinced that a free, unregulated market would regulate itself. My viewpoint has changed.
Though still a proponent of capitalism, I now believe that unregulated or even under-regulated capitalism will grow into a beast that we must feed, rather than a beast that feeds us.