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Private VCs using their money to control the economy doesn't really sound much like a "system of social organization in which all property is owned by the commu

• snapplebobapple 3y ago
  Yah, so you are really buying into the kooky religious like beliefs I see. Communism says what you have in quotations above, but it has never, ever worked that way for any serious amount of time. It always devolves into a system where the government owns everything or nearly everything and apportions things base don how it sees fit and that is a monopoly and a monopsony since the government is the sole provider of goods and services and the sole employer. It's a monopoly and it exercises power for the benefit of the bureaucracy that controls said monopoly with lip service to some idealized utopian BS. That is not the definition of capitalism. The definition of capitalism is a system in which owners of capital control their capital in accord with their interests, which translates into competition because everyone else is also controlling their own capital and labor for their own interests. The natural outcome of this system is monopoly, which does closely resemble all the harms and dead weight loss of communism but, unlike under communism, the government is supposed to be there to stop total control, bust up the monopolies, and restore competition. It did a passable job of this until the Rehnquist supreme court in the 70s and it's time to start back in that pre-rehnquist direction. It's never time for communism.