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I draw the distinction between what socialism is meant to be and what socialism usually, in my opinion becomes, which is an unchallengable power base for vested
by harry8 6y ago
I draw the distinction between what socialism is meant to be and what socialism usually, in my opinion becomes, which is an unchallengable power base for vested interests. The rules a rigged against you and me because we aren't on the inside, friends with the power, which is usually beurocrats in socialist states. You do something faster, better, cheaper and still fail. Notice this kind of thing is not Bernie Sanders who barely qualifies as anything remotely socialist outside of the USA. Having competition where companies and whole industries go broke and shut down with their assets sold off to those who can use them better has been thought of as a useful counter-measure to this. When there is regulatory capture destroying that competition you get the worst of all worlds.
It's not captitalism, it looks more to me like bad socialism. My socialist friends would say it's not remotely socialism it looks more like captialism and this is what always happens in captialism. Just about everyone says it stinks and needs fixing. Bezos doesn't. Murdoch doesn't. They say this is the best that can possibly be because everything else is worse, which is probably true with respect to their power and influence. I don't see it as true in any other dimension. It needs fixing. Someone will ride that desire to fix it to political power. I hope that person turns out to be a decent human being rather than a genuine facist which President Trump was not and is not, whatever else are his many faults.
- mattnewton 6y agoI would usually call this “crony capitalism”[0] or just “cronyism,” and agree it stinks, and is a degenerate state away from functioning capitalism. [0] https://en.m.wikipedia.org/wiki/Crony_capitalism https://en.m.wikipedia.org/wiki/Crony_capitalism
- harry8 6y agoMore pervasive than simply setting up and running a business. Can you get a license to drive a car? Can you get your children into school? Can you rent that property to live in? All these things tend to become insider-outsider models bound up in failed socialism where status and access to power get more important rather than less. Orwell's the Pigs running the farm kind of thing. crony socialism, crony capitalism. These are just not really so meaningful. Just call it corruption because that is what it is. Whether or not laws have been broken it is still corrupt. Whether the ideology of the government is socialist, capitalist or otherwise it is corrupt. I'm not sure the most corrupt capitalist states can match the soviet union for the sheer scale and pervasiveness of corruption, for example. The worst corrupt capitalist reigimes don't seem to be able to match the scale and pervasiveness of environmental degradation seen behind the iron curtain when that came down. I think there's something in that.