3 ms·
Oh I fully accept this is an actual problem, these people are vile and need to be fought vigorously and resolutely. I just don't see what that has to do with ca
by simonh 5y ago
Oh I fully accept this is an actual problem, these people are vile and need to be fought vigorously and resolutely. I just don't see what that has to do with capitalism, or actually the economic system at all really.
Do powerful leaders and managers in non-capitalist systems not engage in lobbying and not promote the interests of their industry? Do they not engage in unsavoury practices when doing so? How does the system act to prevent that?
On the contrary all the attempts at non-capitalist systems I'm aware of are based on a system of central planning and the allocation of resources on a bureaucratic or political basis. Fundamentally capitalism is based on freedom of ownership (of property and capital), freedom of labour (to work for or hire others) and freedom of association (to form companies). Planned economies by necessity restrict or eliminate some or all of these freedoms, but those restrictions never stop at economic activities. After all almost everything has some economic dimension. In practice this has always seemed to end up with highly coercive, opaque bureaucratic systems in which factional lobbying and influence peddling isn't just a flaw, it becomes the system.