If this was Biden, we’d hear no end of how he has dementia.
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
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.
Is oligarchy with a superficial capitalist facade accurate enough to you?
Interesting stance from someone that thinks socialism is when the government does stuff
