I very much see what is happening in the US as the groundwork for them becoming an authoritarian state just like China and Russia. They still have “capitalism” and “democracy” too!
My only hope is that the people of the US realize what is happening before it’s too late, and that the rest of the world can hold out in the mean time.
Capitalism, instead of Adam Smith definition, becomes supremacy of capital. Corporatism is actually more prominent than “shareholder rights/supremacy”. At any rate, Adam Smith said free markets where fair markets that resulted in perfect competition. Free competition sucks for oligarchs, because corrupt markets are more profitable.
Capitalism has never been healthier. This IS Capitalism, not an anomaly.
I very much see what is happening in the US as the groundwork for them becoming an authoritarian state just like China and Russia. They still have “capitalism” and “democracy” too!
My only hope is that the people of the US realize what is happening before it’s too late, and that the rest of the world can hold out in the mean time.
You must not have read the wealth of nations
Capitalism, instead of Adam Smith definition, becomes supremacy of capital. Corporatism is actually more prominent than “shareholder rights/supremacy”. At any rate, Adam Smith said free markets where fair markets that resulted in perfect competition. Free competition sucks for oligarchs, because corrupt markets are more profitable.
Can’t have a corporate oligarchy without capitalism.