A very common argument used to defend a purely capitalistic system, one free from regulations, is to suggest that this provides the means for competition, and competition is needed in order for society to improve itself. Competition provides the incentive for innovation, and without innovation, society would stagnate and we would end up in an ever-worsening condition as we try to hold on to the past which cannot last. Therefore, the best way forward is to promote capitalism, and despite... Read more