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The government's corrupt relationship with the military-industrial complex is about as far away from capitalism as you can get. It is corporatism. It is trillio
by macinjosh 6y ago
The government's corrupt relationship with the military-industrial complex is about as far away from capitalism as you can get. It is corporatism. It is trillion+ dollar corporate benefit program for defense contractors. Big buying decisions are made by Congress mainly based on what they think is best for their reelection, not actual needs. Government has a monopoly on violence and the products are highly specialized so they are the only customer, which means there is no market in place.
With no market and only one customer that makes terrible decisions none of the mechanisms of capitalism would even have a chance to have an effect.
- lm28469 6y ago> as far away from capitalism as you can get. How do you call a system in which for profit private companies generate trillions of $ every year and come up with new products every few years to keep the machine going ?