4 ms·
This is mis-reading the thesis. Those franchise-agreements and associated rgulatory structures are the premise. The bit about "everything that is wrong with Ame
by 001sky 13y ago
This is mis-reading the thesis. Those franchise-agreements and associated rgulatory structures are the premise. The bit about "everything that is wrong with American Capitalism" more or less logically follows.
- smoyer 13y agoI read his thesis ... I'm stating it's wrong. Utilities are not free-market and don't represent American capitalism. This is one step away from government-owned utilities, closer to socialism and worse than both (capitalism and socialism). EDIT: Reading the sub-comments below, I think perhaps my mistake is assuming that American capitalism tends to be more like Tesla, Amazon, etc (maybe I'm deluded or just a hopeless optimist). But if "Bad American Capitalism" is the topic being discussed, utilities are a perfect example and perhaps we can agree that there are examples of "Good American Capitalism".
- pdonis 13y ago> Utilities are not free-market True. > and don't represent American capitalism Depends on how you define "American capitalism". I think they represent American capitalism just fine, because to me "American capitalism" very often means "companies that can't compete in the free market use their capital to get the government to pass laws and regulations that protect them from competition".
- deleted 13y ago[deleted]
- pessimizer 13y agoYou seem to be thinking of American capitalism as something other than "capitalism, as practiced in America."