This happens when capital owners get enough wealth and influence to capture government regulatory agencies. This is what any attempt at capitalism will build to.
At least the no true communism people use the actual definition of the system in their argument. What you’re describing is literally capitalist organizations acting on the incentives inherent to the system.
Which is why every authoritarian system of government leads to disaster. The fewer people are at the top, the easier it is for that corruption to take hold.
It’s not really capitalism anymore when the government keeps bailing out businesses that are supposed to fail.
This happens when capital owners get enough wealth and influence to capture government regulatory agencies. This is what any attempt at capitalism will build to.
At least the no true communism people use the actual definition of the system in their argument. What you’re describing is literally capitalist organizations acting on the incentives inherent to the system.
Yeah, ok sure.
it is when the richest people have already paid off the government to bail them out, when the time comes, with our tax dollars.
Yeah it’s called corruption. I think no matter how perfect your ideals are in your head, any idea can be ruined with a little corruption.
Which is why every authoritarian system of government leads to disaster. The fewer people are at the top, the easier it is for that corruption to take hold.
Libya was doing pretty well under Gaddafi… it’s much worse in every way now that there is more than one dude at the top lmao
neoliberal governance is an extension of capitalism, change my mind.