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Is it still capitalism with strong antitrust? If so, why do capitalists keep chipping away at and denigrating antitrust laws? What about capitalism's concurrent
by rhizome 7y ago
Is it still capitalism with strong antitrust? If so, why do capitalists keep chipping away at and denigrating antitrust laws? What about capitalism's concurrent drive: toward slavery for its workers? What about a third drive: zero taxes? Taken together, what is the benefit of the capitalist ideology at all, and to whom do those benefits accrue?
- Wowfunhappy 7y ago> Is it still capitalism with strong antitrust? IMO, this is like asking "is it still a democracy if the people don't decide on every bill directly?" In a sense, the answer is no–but I still feel comfortable using the word democracy. I'm going to keep going with this analogy—IMO, idolizing the idea of a completely unregulated market is akin to idolizing the governing structure of ancient Athens. Yes, the rules we've added over the past millennia make us less free in a way—but they also make for a more sustainable system. These refinements are a sign of maturity.
- rhizome 7y agoI hope that in this light we can agree that using the term "free market" as a cudgel is a sign of immaturity. I think you're caught up in an is/ought conundrum though: "idolizing the idea of a completely unregulated market" is the discourse! That's the pro-side rhetoric in a nutshell, how bills and laws get passed, and how the (US) economic system is constructed. So don't blame my inference, it's just what I'm reading in the newspaper.