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Corporate feudalism has ruined capitalism. In a surreal turn of events the east coast of communist China has the strongest "pure" form of capitalism currently
by ageofwant 11y ago
Corporate feudalism has ruined capitalism.
In a surreal turn of events the east coast of communist China has the strongest "pure" form of capitalism currently in existence. This has a lot to do with their scant regard of imaginary property, what westerners insist on calling "intellectual property". Capitalism only work when information flows freely. When people can make decisions based on facts. This cannot happen when information is hoarded as a so called competitive advantage, not in the long run anyway, not any more. Ad to this the degree of rent-taking on all levels and its clear that capitalism as we know it a spent vein.