capitalism
Out of context: Reply #22
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- raf0
Healthy free market capitalism in the US has long gone, what you're seeing and attribute the label of capitalism to is a mixture of keynesizm and something in the shape of corporatism or oligarchism – big business buying politicians to tweak the system in their favour. It's not capitalism anymore, hasn't been for long decades.
You're outraged by corporation exec's earnings, so you want more government control. You will get it. That's what they want too, because they control the government. That's why they're pushing for more and more regulations. It's the very process of tweaking the system in their fashion, while you're thinking they're fixing it.
Here's a good article on how falsely capitalism is being blamed for current crisis:
http://mises.org/story/3165- thank youdeathboy
- was capitalism ever any different, raf? It just seems to me that the "pure" capitalism you speak of might be some merchant in Venice in 1400.Corvo2
- luth shop in Venice in 1400.Corvo2
- You might be right. But it is about a direction: let's keep going towards freedom, not control I think.raf