this post was submitted on 20 Jan 2025
391 points (96.4% liked)
United States | News & Politics
2121 readers
1210 users here now
Welcome to [email protected], where you can share and converse about the different things happening all over/about the United States.
If you’re interested in participating, please subscribe.
Rules
Be respectful and civil. No racism/bigotry/hateful speech.
Post anything related to the United States.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
You think we're still capitalist? Im not sure what to call the economy of this protofascist state but it isn't capitalist with the amount the new administration is backing specific businesses.
That's still capitalism. I believe that might fall under cronyism? That, or simply oligarchy would work. But it's still capitalism.
In capitalism the state is expressly not interfering on behalf of one business versus another. This would be like a communist state that had a stock market. It fundamentally goes against acore principle of the philosophy
East India Company?
That's mercantilism as the state approved and supported their choices.
Then, the US hasn't been capitalist in a long time. Probably never was. The government has always interfered in the interest of one group or another. Sometimes, that group is (was) the public at large when it comes to labor or environmental rights. Sometimes, it's in favor of big business. Oftentimes, it is. Interfering on behalf of one specific big business over another is just the latest step in the road of corruption that has been brazen since Citizens United was passed.
The invisible hand of the free market has never existed. The rich have always been kept in check by government interference.