4 ms·
The financial sector is by far the most heavily regulated and protected across the entire western world. There is nothing "conventional" about that brand of "ca
by mseebach 15y ago
The financial sector is by far the most heavily regulated and protected across the entire western world. There is nothing "conventional" about that brand of "capitalism".
Show me a corporation that's "TOO good at extracting wealth out of citizens and leaving them with less and less ability to gain wealth of their own" and I'll show you a corporation that's in bed with the political system.
- deleted 15y ago[deleted]
- wavephorm 15y agoAnd look no further than the many cartels that have been erected: oil, telecom, healthcare, energy, and of course banking & finance. These industries are held together by the government and the laws are written to keep competitors out at every scale.
- dereg 15y agoYou've nailed it. I disagree, however, with your labeling that as "conventional capitalism". That's crony capitalism, and always has been. As they say, capitalists hate capitalism.
- mseebach 15y agoMy point is that pointing the anger at corporations without equally blaming government won't fix anything.