3 ms·
America is not ultra-capitalist. American capitalism is hobbled by regulatory capture. Here and there it manages to briefly escape, e.g. Uber and Lyft, only to
by ufocia 3y ago
America is not ultra-capitalist. American capitalism is hobbled by regulatory capture. Here and there it manages to briefly escape, e.g. Uber and Lyft, only to be recaptured again by redesigned regulation/enforcement to preserve, among others, the tax base (rents) and thus support the bureaucracies.
- nine_zeros 3y agoYou are not wrong. But a more accurate assessment is that it is capitalism for the regular people but socialism for businesses.