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...and all other forms of disaster capitalism
by thinkmassive 5y ago
...and all other forms of disaster capitalism
- trentnix 5y agodisaster capitalism Taking egregious sums of state aid is crony capitalism and is market manipulation. And wherever you find egregious market manipulation, you'll almost always find government doing the steering.
- ep103 5y agodisaster capitalism is a term coined by Amy Goodman to describe the efforts of the most politically influential to steer the economy towards regular crises, and then take advantage of those crises via crony capitalism
- CyberDildonics 5y agoThat would not apply here, since this was not a financial crisis or caused by systemic long term effects of direct government action.
- elliekelly 5y agoCaptain Government may be at the helm, but they’re serving is at the pleasure of those contributing to their next campaign fund. If the Yacht owners want to go to Tahiti where do you think a Yacht captain is most likely to steer the ship? It’s a cause and a symptom of “crony capitalism” — a feedback loop that perpetuates and exacerbates existing inequality.
- andrepd 5y ago>government is doing the steering That under capitalism those who accumulate massive amounts of wealth can use that wealth to “buy” the state institutions to do their bidding, is precisely (one of the) problems in capitalism.
- trentnix 5y agoOne way to address that problem is to prevent "state institutions" from being so powerful as being able to do anyone's bidding.
- anigbrowl 5y agoDysfunctional states aren't exactly thriving oases of enterprise and mutual aid, are they now? In practice they're dominated by warlords and rich people buy security and contract enforcement is a function of economic leverage, so poor people have very little economic mobility or opportunity.
- trentnix 5y agoA state’s dysfunction is not diminished by the relative largesse and power of its government.
- anigbrowl 5y agoI think you know quite well what I meant.
- neonological 5y ago[redacted]
- dang 5y agoYou can't dox other users, or attack other users, on HN. I've banned this account. Please see https://news.ycombinator.com/item?id=27430579 https://news.ycombinator.com/item?id=27430579.
- deltadelta 5y ago[redacted]
- deleted 5y ago
- jessaustin 5y agoCan you point to an example of "capitalism" that is not also an example of "crony capitalism"? I feel that we should seek something more like "free markets" and "free enterprise". C[rony, if you insist, c]apitalists hate both of those things, and undermine them at every opportunity.