2 ms·

Early vs late stage capitalism.

• dmix 7y ago
  What does the government completing projects under budget in 1919 vs today have to do with capitalism? Capitalism is still capitalism, really the only thing that changed between 1919 and today is the size and scale of administrative state (and subsequently far more lobbying groups to exploit it). The entire economy is way less capitalist than back in 1919. Unless that’s what you mean by “late state capitalism”?