Capitalism vs. Our Current American Economic Model

It seems some folks are unclear on the differences between capitalism and the big business-government crony system we currently have. The two could not be farther apart. When there is corrupt behavior in a capitalist system, competition and civil courts can deal with that. The corruptocratic institutional system we now have has as its purpose the filling of politicians’ pockets and “bureaucraps'” rice bowls. From the consumer’s POV, it’s the worst of both capitalism unrestrained by market forces and the typical socialist model: politicians and their cronies are massively favored, enriched, and protected.

Of course, the 19th Century system that evolved into our current regulatory state was almost as corrupt. The monopolies and cartels “feddle gummint” regulations against monopolies and cartels were designed to deal with were either created or enabled by government intervention in the market. A good example of the regulatory state: create or exacerbate a problem in order to expand the scope of government, allowing perpetuation of the problem at a rate regulated only by the amount of graft.

And so it goes. Meanwhile, the sheeple never wise up, looking to the creators of the problems to solve them, against those creators’ perceived best interests. Suckers.