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Discussion and Debate
Discussion and Debate
Politics
American Politics
why crony capitalism isn't capitalism
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<blockquote data-quote="ziggy29" data-source="post: 61676085" data-attributes="member: 248457"><p>I guess the real-world question is, could "pure" capitalism not skewed by government intervention really even exist?</p><p></p><p>Pure, laissez-faire free market capitalism does not exist and probably never can. As long as there is a capitalist system there will be capitalists buying politicians and votes that pad their bottom line, put competitors at a disadvantage and allow them to jerk customers and employees around. That's why capitalism in practice is so flawed even when capitalism in its theoretical pure free-market form sounds good. And this is why capitalism must be regulated to a reasonable degree, particularly to limit the ability to engage in "crony capitalism" or "corporatism". Unfortunately the folks who make these rules benefit from all the money these corporate interests contribute to them (thanks, Citizens United), so we won't see any reforms any time soon.</p></blockquote><p></p>
[QUOTE="ziggy29, post: 61676085, member: 248457"] I guess the real-world question is, could "pure" capitalism not skewed by government intervention really even exist? Pure, laissez-faire free market capitalism does not exist and probably never can. As long as there is a capitalist system there will be capitalists buying politicians and votes that pad their bottom line, put competitors at a disadvantage and allow them to jerk customers and employees around. That's why capitalism in practice is so flawed even when capitalism in its theoretical pure free-market form sounds good. And this is why capitalism must be regulated to a reasonable degree, particularly to limit the ability to engage in "crony capitalism" or "corporatism". Unfortunately the folks who make these rules benefit from all the money these corporate interests contribute to them (thanks, Citizens United), so we won't see any reforms any time soon. [/QUOTE]
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why crony capitalism isn't capitalism
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