4 ms·
By definition that isn’t capitalism, that’s closer to what Smith called “mercantilism” in Wealth of Nations. Not intending to throw shade at you here, I just ge
by MrWiffles 5y ago
By definition that isn’t capitalism, that’s closer to what Smith called “mercantilism” in Wealth of Nations. Not intending to throw shade at you here, I just get upset when people blame capitalism for what amounts to a perversion thereof, in fact.
- rektide 5y agoi'd expect this to happen anytime private controls over trade & industry is allowed to iterate long enough. mercantilism that i know from history is pre-globalized & much smaller scale. the wealth of natuons view is of wealth as fixed & limited, & pertains to control/hording of wealth, at a national scale. but this is control over supernational wealth creation, corporate reign over production & distribution & channels. nothing could sound more lime unchecked private owneracy to me. im definitely open to hearing more byt strong disagreement from me so far.