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We have, back on 1600s when joint stock companies were first invented, eg Dutch East India Company. They had their own armies and we got slavery, colonisation o
by vvvv 9y ago
We have, back on 1600s when joint stock companies were first invented, eg Dutch East India Company. They had their own armies and we got slavery, colonisation of Philippines, India and other places, all through private, profit-driven enterprise.
- ekianjo 9y agoYou can say we have had the very same thing with full state Powers that had nothing to do with Capitalism, since the beginning of History, so putting it on the back of "Capitalism" is kind of tenuous. Anybody or any organization in a position of ultimate power will go in that kind of behavior. Plus, the East India Company was pretty much a proxy for States involved in the area. The point of capitalism is that you are supposed to have a lot more competition because of fragmentation.
- vvvv 9y agoI think the opposite is true. Pure capitalistic free market naturally tends towards monopoly or collusion. State intervention is needed to ensure competition.
- jrs95 9y agoAnd then corporate interests collude through and ultimately control the state, and we've arrived at an interesting system of two party democratic republican fascism