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This is capitalism in government, that was the whole point behind the "venture philanthropists". Watching plan after plan crash and burn with them blaming the
by monochr 12y ago
This is capitalism in government, that was the whole point behind the "venture philanthropists".
Watching plan after plan crash and burn with them blaming the poor is like a getting a time machine ride to 1860's Britain trying to deal with the massive dislocations of the industrial economy without doing the one sane thing they could have done: massive government intervention in the economy to slow down the worst effects of industrialization.
- InclinedPlane 12y agoAt least have the intellectual honesty to call it "crony capitalism". Implying that there is any relation to the free market or the "invisible hand" is ridiculous.
- monochr 12y agoActually existing capitalism is capitalism. There is no more point in trying to differentiate it from "ideal" capitalism than there is of trying to separate "ideal" feudalism or socialism from their real world counterparts. If a system fails every time it is tried in the exact same way what you're looking at isn't a bug but a feature.