We’re not doing capitalism in the US anyway. You can argue it’s state capitalism, but personally I don’t see it. I’d say we’re deep into full on monopolies and oligarchy. If you have enough money and you buy out it otherwise lock out competing business and create vertical integration, the government will subsidize your business, especially your payroll, and if you go bankrupt they will reward you with no taxes for life, or bail out money that you can 90% give yourself personally as a yearly bonus. None of that is capitalism, it doesn’t fit that model. We’re also letting corporations call themselves individuals with rights, which is absurd, and it’s the argument for letting business openly bribe and sponsor politicians, on top of making it also legal to directly pay politicians to vote specific ways, as long as you pay them after the vote happens and not before. None of this fits the capitalist model. Monopolies are supposed to be illegal in capitalist models because it’s known to break the model. Regulations are supposed to stop individual businesses from owning their own supply chain, distribution system, raw materials, manufacturing, all in one company. Because, again, it was always known this would break the model. We aren’t capitalist. We’re in an oligarchy. Might make rights, money is in charge, and there are only rules for the not owner class.
Not saying capitalism is the best form, but which economic form is better given human greed and tendency for corruption?
We’re not doing capitalism in the US anyway. You can argue it’s state capitalism, but personally I don’t see it. I’d say we’re deep into full on monopolies and oligarchy. If you have enough money and you buy out it otherwise lock out competing business and create vertical integration, the government will subsidize your business, especially your payroll, and if you go bankrupt they will reward you with no taxes for life, or bail out money that you can 90% give yourself personally as a yearly bonus. None of that is capitalism, it doesn’t fit that model. We’re also letting corporations call themselves individuals with rights, which is absurd, and it’s the argument for letting business openly bribe and sponsor politicians, on top of making it also legal to directly pay politicians to vote specific ways, as long as you pay them after the vote happens and not before. None of this fits the capitalist model. Monopolies are supposed to be illegal in capitalist models because it’s known to break the model. Regulations are supposed to stop individual businesses from owning their own supply chain, distribution system, raw materials, manufacturing, all in one company. Because, again, it was always known this would break the model. We aren’t capitalist. We’re in an oligarchy. Might make rights, money is in charge, and there are only rules for the not owner class.