There are good free market capitalists who are trying to expose corporatism to distinguish it from capitalism with healthy competition that makes locally owned services and businesses, some of those even get to know their customers. Coporations believe they are entitled to everybody else’s money while only doing the token minimal for very large amounts of money.
I am very much a capitalist at heart. It’s the only system proven to raise the quality of life for everyone. The current corporatism isn’t the same as capitalism. I’m not a fan of that.
One thing that’s confusing is that capitalism breaks down over time, into something like this “corporatism” or oligarchy or corporate capture. This makes people think that capitalism is these things.
I’m curious, how exactly do you define “capitalism”? I’m having difficulty constructing a definition which doesn’t inevitably lead to corporatism.
Most of our economy is small business.
The problem is large companies have a large influence on politics, etc that they shouldn’t have.
Many of our regulations are nothing more than a barrier for a small business to start.
It’s why I praise Elon for growing Tesla. Only someone with his wealth and connections could push the EV industry to where it is now.
Doesn’t mean I like Elon as a person but that is where we are now. To get a new idea going, we need a mega wealthy person to do it and that shouldn’t be the case.
@wintermute_oregon @agamemnonymous
> The problem is large companies have a large influence on politics, etc that they shouldn’t have.
…
> It’s why I praise Elon for growing Tesla.Usually I’m with you but…HUH? #ElonMusk literally owns #X, one of the largest social media platforms, and therefore has some amount of political power in the #USA.
When he bought Tesla, he didn’t own X. He was wealthy but not insanely wealthy.
I wish he hadn’t bought x and just stuck to cars and rocket ships.
I’m not seeing a definition of capitalism here.
To my knowledge, capitalism is defined as a market economy where the means of production are privately owned by investors and operated for a profit. It fundamentally concentrates money to a small number of investors, who are incentivized to use that money to more efficiently concentrate money in their pockets (e.g. influencing politics).
Whether it’s the intended outcome of capitalism, it’s certainly an inevitable one. Which is why I asked, how you would define capitalism such that it doesn’t inevitably lead to the mega wealthy with power to influence regulation.
Capitalism is the private ownership of property.
Dictionary Definitions from Oxford Languages · Learn more noun an economic and political system in which a country’s trade and industry are controlled by private owners for profit. “an era of free-market capitalism”
Not sure what you mean by a small group. Anyone who a pension, a 401k, etc is an investor. Almost every American is an investor. It’s how we fund our retirements.
Literally just don’t have the limited liability corporate structure. It’s an invention of government to privatize profits while socializing losses.
In a free market, company owners would not be entitled to profits while eschewing liability for the actions of their companies. It would force prioritizing long-term brand sustainability over cutting corners to juice next quarter’s share price. And liability would incentivize keeping companies small to manage risk, so there probably wouldn’t even be megacorp conglomerates to begin with.
I’ve always thought the best way to solve this problem is more regulations of corporate structures. You only get free rein if you accept the liability.
@wintermute_oregon totally agree.
End all corporations and the stocks that go with them.
I guess if BreitBart makes up enough stuff they’ll eventually say something factual on accident.
Normally I don’t read or cite breitbart. I posted this specifically because it was from breitbart. I also agree with the premise but was surprised it was on breitbart
The thing about fascists is that they do sometimes point out real problems, but their explanations on the causes and their solutions for those incorrect causes are wildly unreasonable. For example, Nigel here probably believes that “corporatism” is caused by the companies exploiting (white, British) people being owned by non British and non white people, and his solution is to ban those people from owning anything and indeed deport non white people and immigrants instead of regulating the actions of businesses in any way. So even if he’s correct that it’s a problem that people are suffering and the government is corrupt, he and Breitbart can’t be worked with because their solutions are bullshit and sharing glowing articles about them promotes their explanations and solutions.
