The sheer volume of government intervention to keep afloat rotting organizations that are “too big to fail” says that it’s not capitalist. It’s a bizarre form of welfare state for billionaires.
Can you think of a time when capitalism was not deeply feudalist? If you think the wave of laissez-faire over a century ago was any different, think again: the “miner towns” and other private cities where you boss is your landlord and mayor tells a different story. And don’t even get me started on colonial extractivism and how to massacre a culture/population then plant a corrupt overlord to extract another people’s resources.
Capital was always supported by a strong centralized State, and even the libertarian utopians of Silicon Valley have always lived on Pentagon “welfare” money.
What you mean is not Capitalism, but a market economy. Even in small groups Capitalism will necessarily result in a concentration of capital in a few hands and the resulting effects via social stratification.
“Capitalist”. Yes.
It’s not even capitalist any longer (if it ever really was). It’s reverted to a bizarrely-veneered version of feudalism.
It’s capitalist feudalism. There’s absolutely zero chance that the US isn’t capitalist.
The sheer volume of government intervention to keep afloat rotting organizations that are “too big to fail” says that it’s not capitalist. It’s a bizarre form of welfare state for billionaires.
To paraphrase one of my favorite quotes by the great Rev. King:
“Socialism for the rich, rugged individualism for the rest”
Can you think of a time when capitalism was not deeply feudalist? If you think the wave of laissez-faire over a century ago was any different, think again: the “miner towns” and other private cities where you boss is your landlord and mayor tells a different story. And don’t even get me started on colonial extractivism and how to massacre a culture/population then plant a corrupt overlord to extract another people’s resources.
Capital was always supported by a strong centralized State, and even the libertarian utopians of Silicon Valley have always lived on Pentagon “welfare” money.
In the small capitalism can be non-feudal.
Scale it past, say, 300 people and it’s a nightmare of feudalism and billionaire welfare state.
What you mean is not Capitalism, but a market economy. Even in small groups Capitalism will necessarily result in a concentration of capital in a few hands and the resulting effects via social stratification.
OK, that’s probably what I actually meant, yes.