Does Pure Capitalism Invariably And Inevitably Lead To "Crony Capitalism" And Corporatism?

DEAD7

Veteran
Supporter
Joined
Oct 5, 2012
Messages
51,124
Reputation
4,525
Daps
89,238
Reppin
Fresno, CA.
The ad nauseam
jkxhzca.png










Luckily its slow today at work :sas2:
 
Last edited:

Misanthrope

None of the above '16
Joined
Jan 14, 2015
Messages
1,223
Reputation
250
Daps
3,123
I would also like one of them to define "pure capitalism" if they think what we have now somehow strays from their ideal.

I actually know enough talking points to remember this one.

Any system where the Government can affect the flow of capital or labor through regulation cannot by definition be "pure" capitalism.
 

brick james

John piffington
Joined
May 4, 2012
Messages
1,876
Reputation
170
Daps
4,002
By never bestowing govt. with the ability to influence the market in any way, thus removing any market incentive to lobby govt.

Then effectively there would be no government because a government that can control borders, land, or water, has an ability to influence the market. And if there isn't a government that can do that, what makes you think the largest corporation won't lobby other corporations to create an institution that controls borders, land, and water?
 

Misanthrope

None of the above '16
Joined
Jan 14, 2015
Messages
1,223
Reputation
250
Daps
3,123
By never bestowing govt. with the ability to influence the market in any way, thus removing any market incentive to lobby govt.

At that point, wouldn't there be a market incentive to CREATE a government favorable to their means?

Not sure this is a legitimate example, but isn't it in the HMOS' favor to support a program like Obamacare as it gives the govt. power to funnel the money to them instead of supporting true laissez-faire which would open the market to more numerous and diverse competition? Don't Raytheon, Boeing, et al. have a vested interest in supporting a government large enough to need their weaponry?

Also, does a government too weak to influence the economy in any way have the strength to fulfill it's constitutional obligations [speaking specifically about America here]? Just by providing legal tender and creating money, doesn't the government affect the economy?

Article I, Section 8 enumerates the powers delegated to the legislature. Financially, Congress has the power to tax, borrow, pay debt and provide for the common defense and the general welfare; to regulate commerce, bankruptcies, and coin money. To regulate internal affairs, it has the power to regulate and govern military forces and militias, suppress insurrections and repel invasions. It is to provide for naturalization, standards of weights and measures, post offices and roads, and patents; to directly govern the federal district and cessions of land by the states for forts and arsenals.
 
Top