It seems obvious that in a capitalist system those with capital will benefit if they use that capital to gain political power. Regulatory capture is just good business, right? It’s the same reason capitalist enterprises will just buy up competition - they don’t want competition, they want profit. It’s a lot easier to win the game if you can cripple your opponents.
Until we make and are are able to enforce stronger laws protecting us little people, corporations will tend to wield power to keep squeezing us, because it’s (unfortunately) perfectly legal (though obviously, at least IMHO, perfectly immoral).
Oligarchic fits, and isn’t mutually exclusive with being a capitalist. IMHO it seems like that’s an inevitable outcome in capitalist economies if safeguards aren’t instituted. Also I certainly don’t think oligarchies are restricted to capitalist economies, either. It just seems like it would be the natural goal of amassing capital: rig the system in your favor.
Also I don’t want you making up definitions, I just assumed you had another one in mind when trying to define what most modern corporations aren’t.
Government intervention in the economy doesn’t mean it’s not Capitalism IMHO: I see that as an unnecessarily restrictive definition. I think of capitalism in more broad terms as being for-profit private ownership of trade/industry.
I can agree that there’s some theoretical upper limit at which Crony Capitalism turns into an outright Corporate State, but I don’t think we’re quite there yet, and hopefully we can avoid it (as much as we seem to be headed that way, unfortunately).
Capitalism is literally defined by free markets, which means little to no government intervention, and specially not the government helping certain corpos crush their competitors
What you have in your country is a whole different thing
So my point from the start is that it seems inevitable that capitalists would levy their economic power to gain political power. The laissez-faire ideal sounds good (for those with capital, anyway), but without institutional protections against it, those with the most money would be dumb not to levy that money so they can rig the system.
So we’re quibbling over different thresholds at which government intervention means it’s no longer “Pure Capitalism”, but from my perspective Regulatory Capture is kind of inevitable, without protections against that happening. So that’s why I think it’s just part of Modern Capitalism in most places, and an “Oligarchy with a Capitalist Facade” is just a different life-stage of Capitalism. I’m all in favor of the institutional controls against corporate takeover/influence of governmental bodies. Corporate lobbying is a cancer, because it’s drowning out the public’s voice in politics.
What are they, if not capitalist?
It seems obvious that in a capitalist system those with capital will benefit if they use that capital to gain political power. Regulatory capture is just good business, right? It’s the same reason capitalist enterprises will just buy up competition - they don’t want competition, they want profit. It’s a lot easier to win the game if you can cripple your opponents.
Until we make and are are able to enforce stronger laws protecting us little people, corporations will tend to wield power to keep squeezing us, because it’s (unfortunately) perfectly legal (though obviously, at least IMHO, perfectly immoral).
Oligarchic maybe?
I can also make up a definition and claim communism is when Starbucks
Oligarchic fits, and isn’t mutually exclusive with being a capitalist. IMHO it seems like that’s an inevitable outcome in capitalist economies if safeguards aren’t instituted. Also I certainly don’t think oligarchies are restricted to capitalist economies, either. It just seems like it would be the natural goal of amassing capital: rig the system in your favor.
Also I don’t want you making up definitions, I just assumed you had another one in mind when trying to define what most modern corporations aren’t.
Is oligarchy with a superficial capitalist facade accurate enough to you?
Facade isn’t accurate IMHO. Capitalist Oligarchy is fine though. Maybe a subtle distinction, but I think it’s important.
Government intervention to block competition is against the basis of capitalism, a facade is accurate enough
Government intervention in the economy doesn’t mean it’s not Capitalism IMHO: I see that as an unnecessarily restrictive definition. I think of capitalism in more broad terms as being for-profit private ownership of trade/industry.
I can agree that there’s some theoretical upper limit at which Crony Capitalism turns into an outright Corporate State, but I don’t think we’re quite there yet, and hopefully we can avoid it (as much as we seem to be headed that way, unfortunately).
Capitalism is literally defined by free markets, which means little to no government intervention, and specially not the government helping certain corpos crush their competitors
What you have in your country is a whole different thing
So my point from the start is that it seems inevitable that capitalists would levy their economic power to gain political power. The laissez-faire ideal sounds good (for those with capital, anyway), but without institutional protections against it, those with the most money would be dumb not to levy that money so they can rig the system.
So we’re quibbling over different thresholds at which government intervention means it’s no longer “Pure Capitalism”, but from my perspective Regulatory Capture is kind of inevitable, without protections against that happening. So that’s why I think it’s just part of Modern Capitalism in most places, and an “Oligarchy with a Capitalist Facade” is just a different life-stage of Capitalism. I’m all in favor of the institutional controls against corporate takeover/influence of governmental bodies. Corporate lobbying is a cancer, because it’s drowning out the public’s voice in politics.
Interesting stance from someone that thinks socialism is when the government does stuff
When did I say “socialism is when gubmint”?