GeminiAtlas

The Road to Economic Hell

Many of you are saying capitalist but the more proper term would be "cronyist." You rant against the "greedy" capitalists "stealing" and buying off politicians, etc, etc. Since when is that capitalism? If you can't get the definitions right then arguing about socialism vs. communism vs. capitalism vs. anarchy etc. will be pointless. Cronyism exists in all human systems to some degree. When you rant about the policy decisions of the politicians (which are certainly idiotic since they almost never seem to account for the law of unintended consequences) and call that capitalism, you are quite mistaken. When big business rent-seeks (to get tax breaks or subsidies or pork or whatever) congress to make more regulations(which only a team of lawyers can decipher) that install barriers to entry to the usually smaller and more innovative companies, that is anti-capitalist, not capitalist. Sure they are doing it to keep the profits going for themselves, but it doesn't do big business favors in the long run. The decrease in competition as a result of rent-seeking makes them stagnate, atrophy, then grow to depend on the government for help.