Yes. Capitalism is inevitably failing. Recessions, crisis, collapses. They keep getting bigger and more damaging and more countries are introducing social reforms for the workers. We are living in the end times of capitalism, at least in America. Thank god as well
@DangerousSneeze socialism is democracy. The ultimate form of democracy is every worker having a fair share of the means of production and voting in collectives
@AlyceTheElectrician corporatism and capitalism are not mutually exclusive. Capitalism is, traditionally, a system based on the accumulation of profit through a private property system. Corporatism is corporate involvement in the government. Thus they can work together and, often, do
If you think capitalism and corporatism is the same your deduction skills is abysmal.
Capitalism is a form of economic system which recognizes individual rights, including the right to own properties and the possession of goods for the individual’s personal consumption.
Corporatism is a form of economy that was created as an option to SOCIALISM and intends to achieve social justice and equality without the need to take away private property from individual members of society. It stresses the role that government has in ensuring social justice while restraining social unrest as people look after their self-interests.
Under capitalism, each individual possesses the legally unalterable authority to support and sustain himself, to conduct himself in accordance with his own independent judgment, to control the material product of his mental and/or physical labor, and, in connection with these rights, each and every individual has the legal authority to be free from the initiation of government intervention.
Corporatism shares no such description. It is a social system where the government intervenes aggressively into the economy, typically with political instruments that benefit large corporations and enterprises to the detriment of smaller businesses and private citizens. Such instruments include subsidies, tariffs, import quotas, exclusive production privileges such as licenses, anti-trust laws, and compulsory cartelization designs. All involve the initiation of government intervention: subsidies come from taxes, tariffs are taxes, import quotas restrict trade, license schemes prohibit non-licensed producers from producing certain goods, anti-trust laws allow competitors to gain or retain market share through legal competition in court, and compulsory cartelization speaks for itself.
USA is clearly under corporatism, not capitalism.
@AlyceTheElectrician What's the core incentive behind 'corporatism'? Also what incentive does the government have to 'intervene'? Even though it should to prevent said corruption. Do politicians just all of a sudden feel like deregulating/regulating parts of the market that happen to benefit large corporations for no good reason?
@reece You asked: 'What's the core incentive behind corporatism?' My answer: To further extend government authority beyond already breached constitutional bounds. You asked: 'What incentive does the government have to intervene?' My answer: Political tools meant deliberately to control the operation of the most incorporated profit and loss mechanisms. You asked: 'Do politicians just all of a sudden feel like deregulating/regulating parts of the market that happen to benefit large corporations for no good reason?' My answer: There is a reason, and it's to control USA via oligarchy. A simple observation of our current economic state within USA supports my answers.
@AlyceTheElectrician So you think the f̲r̲e̲e̲ ̲m̲a̲r̲k̲e̲t̲ is being controlled by an oligarchy to extend its reach of power. You're not far off. What type of people form this oligarchy? What form does this power come in, and what's the medium that it's achieved?
@reece First of all, USA does not have a "free market"; A free market is a system in which the prices for goods and services are set freely by consent between vendors and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority. You asked: ' What type of people form this oligarchy?' My Answer: Socialist/Communist/Fascist/Monarchs. You asked: 'What form does this power come in, and what's the medium that it's achieved?' My answer: It comes in the illusion of freedom of choice, plus the most likely mechanism for this transformation is a gradual accumulation of otherwise unchecked economic power, and mass manipulation via controlled propaganda. A simple observation of the American people's left leaning populous supports my answers. Thank goodness a young conservative counter culture is arising.
Corporatism is a system based on the market and money and bigger government within a free market. Socialism wants to eradicate these things. Monarchism is about hierarchies. Socialism isn't. Please use the right words
@AlyceTheElectrician There's a difference between a free market and a fair market. Kinda like the difference between a Indominus and a Tyrannosaurus. Would you say a free market is deregulated? Isn't that what causes the most instability. Most of the corruption you pointed out is caused by deregulation. So the oligarchy contains Socialist/Communist/Fascist/Monarchs kinda like how Obama is a African-Muslim-Communist-Antichrist. Does big money play into any of this? Are you sure the power isn't economic and the medium government manipulation.
@reece Honestly, there is no system or government or commerce that is immune from corruption, because there will always be flawed individuals willing to abuse whatever system is in place. The only real choice is between the self-correcting free market (capitalism), government coercion (corporatism), or some blend of the two. So long as the government acts as a protector, strictly as referee and remove cheaters from the marketplace, some regulation benefits the consumer, that's the governments intended function and I accept that. However, when the government has too much power to choose who the winners and losers are, it becomes a magnet for those who would game the system for their own personal enrichment, then the consumer suffers. Any person who believes that the governments role is to provide for it's people (socialist, communist, fascist, monarchs) with the absence of capitalism, supports the latter. Capitalism is not whatever America has, or whatever Washington does, or whatever the rich do. It has a very specific identity, as does corporatism. If you find yourself cursing the wretched collaboration of businessmen and statesmen, by all means proceed. I welcome it. However, if that’s the case it is not the free market system that you find so reprehensible.