3 ms·
You're interpreting this as a new meaning of capitalism but it seems to be a return to an older definition that came out of early socialist theory, where capita
by Sprocklem 4y ago
You're interpreting this as a new meaning of capitalism but it seems to be a return to an older definition that came out of early socialist theory, where capitalism is defined by having an owner/investor class of capitalists and an (exploited) working class. I suspect the prevalence of this terminology is driven by the increasing perception that liberal (politicians) don't seem to care that large corporations have grown into monopolies, leading those concerned with this "corporatism" to turn to socialist theories as a way of conceptualizing the current system.