Once more, I’m not attacking capitalism. I’m saying that sticking without exception to non-interference principles can actually hinder capitalism, not help it. Non-interference can lead to monopolies and strong political lobbies which feed them — far worse than competitive markets.

Also, please notice the grammatical make-up of the sentence a tendency to stick ignorantly to non-interference principles’. This clearly indicates that the tendency to stick to them was ignorant of the economic realities and possible consequences of the policies, not that non-interference principles are ignorant. I generally stick to them — but, sometimes, they’re not really suitable, and need to be pragmatically put to one side, or compromised on.

America is prosperous — but that doesn’t mean that it is as strong as it should be — European countries appear to have a more sustainable capitalism which serves them better (although we’re far from perfect).

I’m aware slavery was justified through racist attitudes — but it wouldn’t have been possible without the governmental non-interference which underpins free market principles.

The economy of the North relied on slave labour for raw materials and exporting — so this very much so was dependent on slavery.

I’m also aware that state assistance didn’t exist — I’m saying that, from a modern point of view, we would deem former slaves worthy of state assistance.

The economy was (mostly) fine after slavery, but this hides the sharecropping in the South, without which the economy would have crashed. Sharecropping was just slavery reinvented — yet another example of America papering over the cracks rather than actually fixing their economic system.

And whether the economy crashed or not, the fact is that dependence left it vulnerable to a crash — this example was meant to demonstrate the wider problem with American attitudes and policies, not to make some irrelevant argument about slavery.

When I referred to ‘a good portion of the population’ being ‘restricted in the pursuit of wealth based on merit’, I was referring to the slaves, not the slave owners and Southerners.

I’m not ‘blaming’ capitalism — I’m blaming American political short-sightedness and ignorance.

I’m sure that I will learn more about economics and history over time — no-one is perfect, and I am fallible — but I won’t tell you the same despite having made perfectly valid arguments which demonstrate my knowledge in this comment. I’m sure you do know plenty about economics and history — but you need to learn the art of carefully reading to avoid misinterpretation, and applying this knowledge well with fully considered arguments.

Politics nerd, policy wonk | Founder, medium.com/politics-fast-and-slow | Editor, politika.org.uk | twitter.com/dave_olsen16 | Policy Paper: https://rb.gy/7coyj

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