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Originally posted by biggmoneyme
i'd like to think that our capitalism just mutated into something nasty, but it may be that capitalism will always follow this route.
Originally posted by freethinker123
OP I'm not sure that your criticism of capitalism has been completely understood even though you have been clear.
Perhaps I can put it another way (if you agree) - I dislike people claiming that 'capitalism isn't working because we have corporatism'. Or more precisely people believing, with no evidence at all, that a pure free market will deliver benefits to all of us and cure society of its ills.
Let me be clear, even though no country on the planet has ever adopted a pure free market system of the kind neo-liberal economists advocate and the theory has not been tested, we have many thousands of Americans believing that if only we had this system then things would be great. Its almost like a religious belief.
Yes we do have a coporatist system, but the idea that corporatism can be banished and we can have the milk and honey of unregulated, unrestrained wealth is a utopian fantasy.
Corporations will not vanish, just as acumulated wealth and interests will not go away. Take away regulations and corporations will control the people even more than they do today.edit on 4-1-2012 by freethinker123 because: (no reason given)
Originally posted by freethinker123
reply to post by Q:1984A:1776
I would prefer a society that ensured that water wasn't poisoned in the first place. If for example massive sanctions were put in place against companies that poisoned water, all of a sudden the economic 'incentive' to make such mistakes would cease.
And I don't see how putting private individuals and corporations as the same in front of the law will stop government and business colluding. It goes a hell of a lot deeper than that.
Besides, what chance have I on my own got, against a legal team that costs millions of dollars to hire? And don't tell me that it doesn't matter. If the most expensive legal team didn't get results, the corporations wouldn't hire them.