I agree that Corporatism is a good term to use, especially if it helps to avoid debates as to what capitalism is and is not. There are different views about that among economists. In this country, we have been indoctrinated for decades to equate capitalism with freedom, even though most working people are more exploited than free. And e…
I agree that Corporatism is a good term to use, especially if it helps to avoid debates as to what capitalism is and is not. There are different views about that among economists. In this country, we have been indoctrinated for decades to equate capitalism with freedom, even though most working people are more exploited than free. And even though the system is rigged against a level playing field and fair competition. Whenever a system is based on consolidation of wealth and resources, whether by private individuals or the state, it will by definition be inequitable. And when people rise up against that inequity, they can be met with either conciliation (as with FDR) or authoritarianism, as in our current political climate.
Capitalism is not the only form of a market economy. It’s a particular type of market where you are allowed to profit off of another’s labor and make money through the sheer gravitational pull of the money you already have. Consensual slavery basically.
I agree that Corporatism is a good term to use, especially if it helps to avoid debates as to what capitalism is and is not. There are different views about that among economists. In this country, we have been indoctrinated for decades to equate capitalism with freedom, even though most working people are more exploited than free. And even though the system is rigged against a level playing field and fair competition. Whenever a system is based on consolidation of wealth and resources, whether by private individuals or the state, it will by definition be inequitable. And when people rise up against that inequity, they can be met with either conciliation (as with FDR) or authoritarianism, as in our current political climate.
Capitalism is not the only form of a market economy. It’s a particular type of market where you are allowed to profit off of another’s labor and make money through the sheer gravitational pull of the money you already have. Consensual slavery basically.