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You make an important point. Not all capitalism is equal. When big businesses like Monsanto lobby politicians to have it their way, it’s not capitalism but rath

You make an important point. Not all capitalism is equal. When big businesses like Monsanto lobby politicians to have it their way, it’s not capitalism but rather corruption and coercion. This undermines the free market principles we value. In contrast, capitalism at the small business level is often more innovative and agile, quickly adapting to market changes and consumer needs. Supporting small businesses and ensuring a fair playing field can help prevent capitalism from going off the rails and foster a more dynamic and equitable economy.

nayuki 2y ago
https://en.wikipedia.org/wiki/Crony_capitalism https://en.wikipedia.org/wiki/Crony_capitalism , https://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Regulatory_capture , https://en.wikipedia.org/wiki/Rent-seeking https://en.wikipedia.org/wiki/Rent-seeking
soco 2y ago
I don't think for the small customer the wording has any significance. Is it capitalism or cronyism or you-name-it, they get shafted because that's the only criterion for a big business "success": grabbing all the money from the table for the goal of maximizing profits. All fine and nice and free in theory, but in the practice it works like this (look around). So I'm sorry I don't buy this "no true scotsman" argument, be it for capitalism or for communism or anything else. It only matters how it works in reality, and I don't like much how it works.
- Jensson 2y ago
  You know USA had capitalism in the 60s as well? That was also reality, capitalism often works really well in reality. And even USA today isn't a bad place to live, if that is a bad case of capitalism then that is a risk well worth taking.
dfxm12 2y ago
This is all capitalism. Monsanto is the logical conclusion of capitalism. Everyone else is just playing catch up. Unfortunately, any politician who does try to do something about it gets vilified as anti-American, based on decades of cold war propaganda against other economic systems.

nayuki 2y ago

https://en.wikipedia.org/wiki/Crony_capitalism https://en.wikipedia.org/wiki/Crony_capitalism , https://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Regulatory_capture , https://en.wikipedia.org/wiki/Rent-seeking https://en.wikipedia.org/wiki/Rent-seeking

soco 2y ago

I don't think for the small customer the wording has any significance. Is it capitalism or cronyism or you-name-it, they get shafted because that's the only criterion for a big business "success": grabbing all the money from the table for the goal of maximizing profits. All fine and nice and free in theory, but in the practice it works like this (look around). So I'm sorry I don't buy this "no true scotsman" argument, be it for capitalism or for communism or anything else. It only matters how it works in reality, and I don't like much how it works.

Jensson 2y ago
You know USA had capitalism in the 60s as well? That was also reality, capitalism often works really well in reality. And even USA today isn't a bad place to live, if that is a bad case of capitalism then that is a risk well worth taking.

dfxm12 2y ago

This is all capitalism. Monsanto is the logical conclusion of capitalism. Everyone else is just playing catch up. Unfortunately, any politician who does try to do something about it gets vilified as anti-American, based on decades of cold war propaganda against other economic systems.