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This isn't capitalism. It's corporatism. The only reason this works is because of unnecessary regulation and red tape created by governments that enables regula
by anomaly_ 2y ago
This isn't capitalism. It's corporatism. The only reason this works is because of unnecessary regulation and red tape created by governments that enables regulatory capture by well-funded operators. A true free market would see these sort of operators outcompeted in 5 minutes.
- cess11 2y agoSo that's something you'd see where the state more or less has collapsed?
- kibwen 2y ago"Real capitalism has never been tried."
- ImaCake 2y agoI thought Corporatism was the kind of socialised capitalism practiced in South Korea? In that mode large corporations act as the welfare state for employees while the corporation keeps redundancies to a minimum. Private Equity is kinda the inverse of this where there is no paternalism at all from corporations.