We have all sorts of laws that are intended to prevent the overgrowth and monopolization of technology and services, they just go unused.
Microsoft is even bigger and more monopolistic than before they were struck with antitrust rulings, and they have stated intentions to continue their expansion into as many different markets as they can reach.
Capitalism is still great, it's just weakened by weak willed individuals who take cash and favors in exchange for letting things slide.
Cronyism is the problem, and it affects all facets of life beyond capitalism so why single it out? It makes no sense.
The fact is, a significant portion of our economy and ideology are tainted by socialistic and communistic practices far beyond normal capitalism.
Capitalism is simply an economic system that requires all parties engaged in trade to consent to the transaction. If there is no consent, it is without exception, not capitalism, but theft. This, of course, includes taxation.
Crony capitalism is a capitalist economy corrupted by government that has acquired the power to interfere with fair trade, and so either blatantly manipulates the market for direct profit, or officials are bribed by corporations who want to use legislation and regulation to give themselves an unfair advantage.
The reason capitalism always turns into crony capitalism is because government is not kept in check. If officials have no power to manipulate the free market, there can be no 'crony' capitalism -- which by the way -- is just Socialism.
'capitalism' is defined by capital, aka $$$$. A materialistic view of value for human activities. In this sense, it differs from a free market economy, where the value of human freedom is the defining element, not capital.
Aside from that, I think your description is on target. It is unchecked government that undermines the free market, that and corruption.
The point is, "capitalist" is a concept largely defined in opposition to, but because of, Marx's theory of economics. As such, it exists on a playing field defined by the enemy, and framed by lies.
"Free market economy" is what anyone should be aspiring to, not a "capitalist economy".
Capitalism, Crony Capitalism, Communism, Socialism… These are not only outdated once-popular neologisms, they’re meaningless in our era. Word play of old to obscure, divide and ultimately rule.
Globohomo is fond of Stakeholder Capitalism. Paytriots (sic) use Corporatism. Libtards and Leftists will say Neo-Fascism or even Nazism with a straight face and zero self-awareness.
These and all the others are shades of the one -ism to rule them all, which has always been with us. It’s only now getting its full, spectacular, global finale after centuries of auditioning at the level of nations.
Totalitarianism. (Some may say Satanism - I would consider that a synonym)
Because the terms of definition themselves are flawed. "Capitalism" was mainstreamed in the 20th century by Marxism. Marxism is atheistic materialism, and attempts to define all things including human nature purely on the basis of materialism. Which is also what 'capitalism does' by focusing on 'capital' aka $$$$$.
The true alternative to communism and Marxist economies (aka collectivist economic systems) and oligarchy-controlled economies is free market economics, where participants are free to decide for themselves who they engage with, how they engage with them, and to reap the natural rewards of mutual benefit. In other words, it is an economy that is defined by by the capital, but by the value of human freedom and creativity.
The Fiat currency system goes hand in hand with Keynsian economics, where government controls the shape and flow of the economy, with some concession to the freedom element. Because government (aka the central banks that control the governments) thinks it can intervene and direct the economy, this system always slides towards concentration of power and money, because human freedom - you and I - are not really allowed to control our own choices.
Why does real capitalism seem to always turn into crony capitalism? It starts to sound the same as when socialists say the USSR wasn't real communism.
It doesn't.
We have all sorts of laws that are intended to prevent the overgrowth and monopolization of technology and services, they just go unused.
Microsoft is even bigger and more monopolistic than before they were struck with antitrust rulings, and they have stated intentions to continue their expansion into as many different markets as they can reach.
Capitalism is still great, it's just weakened by weak willed individuals who take cash and favors in exchange for letting things slide.
Cronyism is the problem, and it affects all facets of life beyond capitalism so why single it out? It makes no sense.
The fact is, a significant portion of our economy and ideology are tainted by socialistic and communistic practices far beyond normal capitalism.
Capitalism is simply an economic system that requires all parties engaged in trade to consent to the transaction. If there is no consent, it is without exception, not capitalism, but theft. This, of course, includes taxation.
Crony capitalism is a capitalist economy corrupted by government that has acquired the power to interfere with fair trade, and so either blatantly manipulates the market for direct profit, or officials are bribed by corporations who want to use legislation and regulation to give themselves an unfair advantage.
The reason capitalism always turns into crony capitalism is because government is not kept in check. If officials have no power to manipulate the free market, there can be no 'crony' capitalism -- which by the way -- is just Socialism.
'capitalism' is defined by capital, aka $$$$. A materialistic view of value for human activities. In this sense, it differs from a free market economy, where the value of human freedom is the defining element, not capital.
Aside from that, I think your description is on target. It is unchecked government that undermines the free market, that and corruption.
Almost the entire world's money are fiat. [ paper not backed by tangible assets ]
A fiat system in a society is not a Capitalist society.
Therefore, almost all or the world's societies are not capitalist.
The point is, "capitalist" is a concept largely defined in opposition to, but because of, Marx's theory of economics. As such, it exists on a playing field defined by the enemy, and framed by lies.
"Free market economy" is what anyone should be aspiring to, not a "capitalist economy".
Capitalism, Crony Capitalism, Communism, Socialism… These are not only outdated once-popular neologisms, they’re meaningless in our era. Word play of old to obscure, divide and ultimately rule.
Globohomo is fond of Stakeholder Capitalism. Paytriots (sic) use Corporatism. Libtards and Leftists will say Neo-Fascism or even Nazism with a straight face and zero self-awareness.
These and all the others are shades of the one -ism to rule them all, which has always been with us. It’s only now getting its full, spectacular, global finale after centuries of auditioning at the level of nations.
Totalitarianism. (Some may say Satanism - I would consider that a synonym)
Because the terms of definition themselves are flawed. "Capitalism" was mainstreamed in the 20th century by Marxism. Marxism is atheistic materialism, and attempts to define all things including human nature purely on the basis of materialism. Which is also what 'capitalism does' by focusing on 'capital' aka $$$$$.
The true alternative to communism and Marxist economies (aka collectivist economic systems) and oligarchy-controlled economies is free market economics, where participants are free to decide for themselves who they engage with, how they engage with them, and to reap the natural rewards of mutual benefit. In other words, it is an economy that is defined by by the capital, but by the value of human freedom and creativity.
The Fiat currency system goes hand in hand with Keynsian economics, where government controls the shape and flow of the economy, with some concession to the freedom element. Because government (aka the central banks that control the governments) thinks it can intervene and direct the economy, this system always slides towards concentration of power and money, because human freedom - you and I - are not really allowed to control our own choices.