Just in recent history we have: VW was caught by government to be cheating on emissions testing to make their polluting product look good. Ford Explorers were found to have exhaust systems that often leak fumes into the vehicle interior, costing several including a police officer their lives. Equifax's personal data on a majority of adult Americans was lost to hacking due to Equifax's failure to apply a software upgrade to prevent it. Medical insurance companies pushed a highly addictive group of opioids to substitute for less addictive pain killers because the addictive ones are cheaper, resulting in about 64,000 overdose deaths. If this had been government agencies who were guilty of these crimes, the right would be screaming about how terrible and unreliable government services are and would be clamoring for privatization as the "solution". But this short list is just a few examples of what private business will do if they can get away with it in spite of government regulations, yet the right is silent. They have no objection to these things; only to government if it makes any small mistake, like failure to regulate for lower health insurance rates. Capitalism is now creating more problems it cannot solve and it is beginning to harm more people. We need a new system.
China just switched to Republican capitalism and instantly eliminated 40% of all the poverty on earth which was caused by libcommieism. Is eliminating slow starvation (120 million dead) and poverty creating more problems to a libcommie?
Capitalism in USA, Red China, Singapore, Taiwan, South Korea, West Germany, Florida, Israel, all works the same way because human beings are mostly the same and respond to the same incentives. Do you understand?
Econ 101: capitalism is very reliable which is why China eliminated 40% of all the poverty on earth the moment they switched to it from libcommieism which is based on govt monopoly and thus affords no chance to reform corruption. Under capitalism you can instantly switch to the company with the best product and quality. This is instant and continuous reform. Now do you understand why Florida does better than Cuba?
thats the libcommie BS these days anyway. Its as 100% absurd as standard libcommieism since there are 50 million corporations in the world all competing to survive by serving us there masters. 50 million is a lot of autocrats!! In USA 10,000 autocrats go bankrupt each month. But wait how can autocrats go bankrupt if they are really autocrats?? More liberal utter BS exposed!!
I dont think true capitalism ever occurred but currently yes we are under corporate autocratic government.
since there are 100 million corporations in the world there must be 100 million autocrats???? But an autocrat is a ruler with absolute power?? What a surprise, yet another example of liberalism that makes absolutely no sense whatsoever!!
Oh dear. A medical emergency? Anyway, the question is "is there private ownership of business for private profit?" If "yes", then we have capitalism. If "no", we fell into the rabbit hole.
I'll take your word for that, and retract my comment of "Socialism may be a viable solution to all our problems."
Oh capitalism requires a free market meaning free of control as well. I don't recall that ever existing.
What a nice, detached, textbook theory of capitalism. Too bad it has so pitifully little to do with reality. And to think capitalism never existed is equally ridiculous.
Well if it's the textbook theory, it is the truest form of capitalism. And I agree it's a pity it has little to do with capitalism. Show me a society that was ever in its history anarcho capitalist.
10 of millions of innocent people have been murdered by regimes pushing different systems. Should we try one of those?
how can 100 million corporations all be autocrats?? and how did we get the highest corporate tax rate in the world unless these autocrats like to pay taxes? See why we say liberalism is based in pure ignorance?
how could it be free of control?? What does that mean? police control it. if you steal they arrest you. If you commit fraud they arrest you etc etc. Do you understand?
first I didn't say all corporations are autocratic. A few Banks and a couple car manufacturers received a massive check from the government I believe it was 700 billion dollars. Believing that businesses are too big to fail doesn't strike me as a right-wing letting them fail does.