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> it seems hypocritical to beat the capitalism drum with one hand, while with the other quietly subverting capitalism by giving certain favored entities tips an
by roymurdock 11y ago
> it seems hypocritical to beat the capitalism drum with one hand, while with the other quietly subverting capitalism by giving certain favored entities tips and advantages
Capitalism is a regulatory and economic framework that allows for the private ownership of capital and assets and is driven by selfish profit motives.
In a purely capitalistic system, we wouldn't even have a government to redistribute wealth and provide oversight, or in this case - to spy on other countries and provide information to a few select corporations. The socialistic thing for the government to do would be to distribute these secrets evenly among all US businesses.
So government favoring big business is actually another triumph of capitalism.
- cpursley 11y agoI believe you mean "cronyism" https://en.wikipedia.org/wiki/Crony_capitalism https://en.wikipedia.org/wiki/Crony_capitalism
- radmuzom 11y agoGiven that there is no perfectly capitalist society, and in practice, all capitalist structures degenerate into crony-capitalist structures without strong government regulations, I would say there is no difference.
- deciplex 11y agoYou sound exactly like people who insist that communism has never "really" been tried. Look, if a framework for running a society and an economy is so fragile that it immediately devolves into something else, then it's worthless. It doesn't matter if you can point to all the mistakes that were made along the way - if humans can't implement it and make it work, and if there are countless examples of them trying and failing to do this, then it's broken.