Though many (especially on the left) blame capitalism for so much of today's problems. But I believe what they are incorrectly calling capitalism, is actually what I call 'corporatism'. Many of my fellow libertarians call it 'crony capitalism', but I think that muddy's the issue by using the word 'capitalism' in a different context.Corporatism IS a form of Capitalism, in what started as "capitalism", gradually ended up being "corporatism". They are one of the same because both systems are based on self-interest. Corporatism is no different because instead of a person acting on it's own self-interest, it is the State that is acting upon its own interest. Both act upon the same principles, so eventually, Capitalism lead to a greedier form. Both are inherently flawed, and advocates of the "free market" need a reality check.
It's so good to see Ralph Nader again! He is such a smart man, so of course he wasn't going to win the Presidency. Unfortunately, Mr. Nader doesn't realize the tentacles of the "Globalists." They are EVERYWHERE, and VERY FAR REACHING! I wish that this country could go back to "American Made," but at this point, I think it's just a "Pipe Dream!"
ReplyDeleteCapitalism has two basic faults that I discuss in my article "The Basic Faults with Capitalism". One is intrinsic to entrepreneurship which buys what someone created at the lowest achievable price and sells it at the highest. The creator of the thing often gets a small fraction of the value while other people make much more. The second is neglect of the principle that a person who creates something owns it. For more explanation see the article at the truehumanrights web site.
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