4 ms·
At 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 ridiculo
by InclinedPlane 12y ago
At 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.