|
|
 Originally Posted by Renton
So crony capitalism allows the current major superpowers to emerge with massive prosperity, every shift from semi-controlled economies to less controlled ones, as in India, has had the same effect. Yet for some reason U.S. and Western Europe trend back toward controlled economies. At least, they want parts of the economy to be controlled, entire sectors like healthcare, education (including higher education), and agriculture. I'm so tired of getting accused of hyperbole on this "its not the USSR" shit. Yes, when your government controls like 35% of the economy that's akin to communism, dude.
On the other hand, we know this capitalism is flawed because it is crony capitalism and not capitalism. We also know you can never have pure unfettered capitalism. But you can approach that by reducing the power of government, which reduces the power that cronies have.
Bingo , which is why the usa will continue to follow the democratic party to total socialism/communism . It will take a crash ala the soviet union before a reversion back to more free market capitalism occurs . Big governments always trend to communism once they start growing its tough to stop the thirst for control and power !
|
Reply With Quote