I am very much a capitalist at heart. It’s the only system proven to raise the quality of life for everyone.
The current corporatism isn’t the same as capitalism. I’m not a fan of that.
One thing that’s confusing is that capitalism breaks down over time, into something like this “corporatism” or oligarchy or corporate capture. This makes people think that capitalism is these things.
Literally just don’t have the limited liability corporate structure. It’s an invention of government to privatize profits while socializing losses.
In a free market, company owners would not be entitled to profits while eschewing liability for the actions of their companies. It would force prioritizing long-term brand sustainability over cutting corners to juice next quarter’s share price. And liability would incentivize keeping companies small to manage risk, so there probably wouldn’t even be megacorp conglomerates to begin with.
I am very much a capitalist at heart. It’s the only system proven to raise the quality of life for everyone. The current corporatism isn’t the same as capitalism. I’m not a fan of that.
One thing that’s confusing is that capitalism breaks down over time, into something like this “corporatism” or oligarchy or corporate capture. This makes people think that capitalism is these things.
I’m curious, how exactly do you define “capitalism”? I’m having difficulty constructing a definition which doesn’t inevitably lead to corporatism.
Literally just don’t have the limited liability corporate structure. It’s an invention of government to privatize profits while socializing losses.
In a free market, company owners would not be entitled to profits while eschewing liability for the actions of their companies. It would force prioritizing long-term brand sustainability over cutting corners to juice next quarter’s share price. And liability would incentivize keeping companies small to manage risk, so there probably wouldn’t even be megacorp conglomerates to begin with.