capitalism and corporatism and two very different things, capitalism is private, and corporatism is SOCIALIST, yet liberals attack capitalism for what socialism is doing.

definition of capitalism: "an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state" (this is NOT what USA has)

definition of corporatism aka crony capitalism: "an economic system characterized by close, mutually advantageous relationships between business leaders and government officials." (this is what USA and most countries today have, it is very SOCIALIST)

so why do liberals blame USA's economic troubles on capitalism when the real problem is socialism???????

seriously not rocket science, if the government is involved it is NOT capitalism rather it is socialism

Anonymousmouses avatar Jokes & Humour
Share
1 1

The truth is, most people don't know very much about business.

Capitalism is predicated on having a level playing field, but businesses always seek an advantage over their competition. Since politicians are funded by donations, those with the deepest pockets tend to have more influence and therefore are able to bend the rules to their advantage. Often, that means enacting laws that seem altruistic on their face but actually create advantages for wealthy donors, aka big business.

Outsourcing, tax avoidance and complex regulations have led to a situation that favors big business at the expense of small business, because big business has the resources to operate in multiple countries, meet complex regulations and exploit complex tax loopholes whereas small business is mostly focused on the day to day operation of their businesses. So as time goes by, the big guys get further ahead, and the small guys fall behind, leading to a situation where big business dominates economic activity.

Please   login   or signup   to leave a comment.