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Further proof the US doesn't have Capitalism and free markets. It has Crony Capitalism and a foundation of a financial system that plays favorites. I'm surpris
by chiefalchemist 3y ago
Further proof the US doesn't have Capitalism and free markets. It has Crony Capitalism and a foundation of a financial system that plays favorites.
I'm surprised anyone is surprised.
- krapp 3y agoThe US does have capitalism. Crony capitalism is capitalism - it's right there in the name.
- chiefalchemist 3y agoNah. That's part of the subversion. That's part of the marketing. That's part of the ruse. That's the irony. It's not Capitalism. Not even close.
- krapp 3y agoI'm sorry but any definition of capitalism which doesn't include the United States - arguably the most nakedly and aggressively capitalist society in human history except perhaps for the British empire, which taught the US everything it knows - is absurd on its face. The purpose of the system is what it does, and capitalism is what capitalists do. Oligarchy and crony capitalism are the most efficient forms for capitalism to take to transfer value to the capitalist class without interference from the market or government, and so capitalism tends to evolve in that direction, similar to the way many forms of live tend to evolve into crabs.
- chiefalchemist 3y agoFriend. Crony Capitalism is not Capitalism. If it was it would be called just Capitalism. We can move on now.
- 082349872349872 3y agocompare Goldstein, The Theory and Practice of Oligarchical Collectivism (1949) or perhaps the nonfiction essays which led to its composition...