America is no longer capitalist. Capitalism requires competition. Today every market is controlled by a small handful of ultra wealthy oligarchs. Until we restore competition, all we have is exploitation.
Damn I can’t believe capitalism keeps advancing to its extremely predictable endpoint. This must be something new not my beloved capitalism let’s call it crony capitalism. That’ll solve it
We’ll try making some kind of East something Trading Company. Surely, we can defeat the monopolizing tendency of capitalism with a corporate-government hybrid structure.
Half a century ago, when Marx was writing Capital, free competition appeared to the overwhelming majority of economists to be a “natural law”. Official science tried, by a conspiracy of silence, to kill the works of Marx, who by a theoretical and historical analysis of capitalism had proved that free competition gives rise to the concentration of production, which, in turn, at a certain stage of development, leads to monopoly. Today, monopoly has become a fact. Economists are writing mountains of books in which they describe the diverse manifestations of monopoly, and continue to declare in chorus that “Marxism is refuted.” But facts are stubborn things, as the English proverb says, and they have to be reckoned with, whether we like it or not. The facts show that differences between capitalist countries, e.g., in the matter of protection or free trade, only give rise to insignificant variations in the form of monopolies or in the moment of their appearance; and that the rise of monopolies, as the result of the concentration of production, is a general and fundamental law of the present stage of development of capitalism.
Funny how they can use the no true Scotsman fallacy whenever they want, but they’ll yell ‘no true scotsman’ when we explain how Biden isn’t the second coming of Stalin.
Didn’t they just describe the entire point of capitalism?
Damn I can’t believe capitalism keeps advancing to its extremely predictable endpoint. This must be something new not my beloved capitalism let’s call it crony capitalism. That’ll solve it
I’m sure it’s just due to some pesky consumer protections. Better just remove any regulations, that’ll fix it! /s
We’ll try making some kind of East something Trading Company. Surely, we can defeat the monopolizing tendency of capitalism with a corporate-government hybrid structure.
Better make sure it’s autonomous and armed
Countdown to the Wall Street Journal rolling out full page ads for the Pinkerton Detective Agency in 3… 2…
Funny how they can use the no true Scotsman fallacy whenever they want, but they’ll yell ‘no true scotsman’ when we explain how Biden isn’t the second coming of Stalin.
But… his name is Joe. Checkmate, commies.
bit idea: sell them communism under the guise of new competition in the market.