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That is a really compelling way of phrasing the problem with having most money concentrated in few hands. It strikes me as a companion to a lot of "free market
by monknomo 11y ago
That is a really compelling way of phrasing the problem with having most money concentrated in few hands.
It strikes me as a companion to a lot of "free market" talk really advocating a monopoly with no rules for the monopolist.
- icebraining 11y agoOf course it is, especially if you read the capitalist-controlled MSM. As free-market academic advocates have been saying for years, the fact is that Capitalists don’t actually like capitalism[1]. Like Chomsky says, what they want - and usually get - is capitalism for the poor and socialism for the rich. That's why honest supports of capitalism get to frustrated when other people claim they are using No True Scotsman arguments by saying that they want actual capitalism, and not the current system. Capitalists (the actual owners of capital) have co-opted their discourse for their own benefit and have poisoned it to the regular person beyond hope. [1] http://www.adamsmith.org/blog/economics/capitalists-don-t-actually-like-capitalism/ http://www.adamsmith.org/blog/economics/capitalists-don-t-ac...