So the best you got is medieval Iceland? And one of the main point is just on the height of people there while the other is trying to pull the concept of fair wages from butter and meat and shit? The scale alone is so incredibly small and the needs so localized that it has absolutely nothing to do with modern life in the slightest. It is so far removed from our reality that it might as well not be touched on at all when the United States, the shining beacon of capitalism, started with very few regulations and then needed a bunch because “the market” wasn’t doing it’s fucking job.

They also compared Icelandic chieftains to feudal lords in England. Capitalism was invented to keep the idea of the monarchy going when it was clear that citizens of the world were getting fed up with their lords just doing whatever the fuck they wanted simply because they had the money to do so. Making that comparison is almost literally showing how, with a larger population, capitalism ceases to function and just becomes taxation without representation. It’s the same with any extreme ideology, in the end, where it demands full cooperation which simply cannot happen.

Tell me, in your own words, why my points are incorrect. Tell me why Medieval Iceland is a good example when we have so many modern examples of less regulation leading to more needless suffering.

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Bonus:

You can still have money in other systems. The reason capitalism just doesn’t work is because it puts all the importance on said money, ahead of all of the people who exist in the world. A person is reduced down to their possessions and how much capital they have and can earn in the short term, and without those things they are thrown aside. Big money means big power and it can use that to further decrease the power of people. We’re seeing it everywhere right now. And more and more the people are afraid of losing what little money they have and so are allowing some horrible things to happen to themselves and others out of fear of losing their scraps.

It just doesn’t work.