If this was Biden, we’d hear no end of how he has dementia.
Those corpos aren’t capitalist. They want government intervention (to save them when their little investing adventures fail)
What are they, if not capitalist?
It seems obvious that in a capitalist system those with capital will benefit if they use that capital to gain political power. Regulatory capture is just good business, right? It’s the same reason capitalist enterprises will just buy up competition - they don’t want competition, they want profit. It’s a lot easier to win the game if you can cripple your opponents.
Until we make and are are able to enforce stronger laws protecting us little people, corporations will tend to wield power to keep squeezing us, because it’s (unfortunately) perfectly legal (though obviously, at least IMHO, perfectly immoral).
Oligarchic maybe?
I can also make up a definition and claim communism is when Starbucks
Interesting stance from someone that thinks socialism is when the government does stuff
Oligarchic fits, and isn’t mutually exclusive with being a capitalist. IMHO it seems like that’s an inevitable outcome in capitalist economies if safeguards aren’t instituted. Also I certainly don’t think oligarchies are restricted to capitalist economies, either. It just seems like it would be the natural goal of amassing capital: rig the system in your favor.
Also I don’t want you making up definitions, I just assumed you had another one in mind when trying to define what most modern corporations aren’t.
Capitalism is the driving force of almost everything that’s wrong in America. [1]
I agree that bailing out a corporation is not very capitalist, but that is not the primary goal of corporate lobbying. I believe it is mostly about keeping their industry legal, unregulated, low-taxed, etc.
Yes, and forming government-mantained monopolies, which kinda goes against capitalist principles
If you were a corporation, becoming a monopoly would be your wet dream. As a company becomes richer and more powerful, it gains more influence over politics. It’s a feedback loop that gives them more and more power until they are monopoly. It’s not the government that drives this, it’s the corporations driving the government.
Totally, privatize the profits, socialize the losses. The American “capitalist” way.
Wait, I almost forget socialize the massive environmental damages, drinking water sources destroyed, harmful chemicals spread everywhere, people harmed, CO2 and other pollutants dumped into the atmosphere, and all the other damaging effects of our business we didn’t pay for.
? Don’t see what that has to do with this. Are you saying because Stalin and the USSR did something stupid to the aral sea in the 1940’s it’s fine for companies in America to cause massive environmental damages, hurt tons of people, and then keep all the profits they made over decades, declare bankruptcy, and pass the buck of the cleanup on to the American tax payers? Or make horribly risky investments, extract tons of bonuses, high executive compensation, and stock sales, then get bailed out by the US government and US taxpayers because their flimsy scheme had come crumbling down?
I wasn’t trying to make an argument for communism or something if that’s what you’re getting at, fuck that genocidal maniac Stalin, just that private companies in America often pass on their losses to the American people while they keep all the profits. Often by hiding the costs in things like co2 emissions that we’ll all collectively have to pay for later. If they want profits that’s fine, but they should be held responsible for the losses too. And if American taxpayer money and public investment helped a company make profits, some of that should be returned to the taxpayers too. We need effective regulations and laws to make sure these thing happen.
