Oh, how I dislike when writers use Marx’s term “capitalism”. I wish they would use “Free Enterprise” or something similar.
This idea bears the Benito Mussolini Stamp of Approval ...
“Government economic holdings are increasing in the name of national security, employment opportunities, or the common good.
”
Benito Mussolini called if fascism or corporatism. The government owning business isn’t exactly a feature of capitalism.
I guess our new term is “state capitalism”.
we don’t have capitalism. We have corporatism. Where people in power use government contracts to enrich themselves and their friends through cronyism. By giving their family seats on corporate boards and yielding power over the rest of us with their incestuous control of government and corporations.
Under 47, the US government will shortly have a financial stake in 5 major corporations.
Keep repeating the words “free enterprise” over and over. It will help get the word capitalism out of your system.
The USA, with its insane regulation burden, has been in a form of quasi socialism for quite some time.
It must return to its “free enterprise” roots quickly. Frig’ government intervention everywhere you can for it is the monster when it comes to theft.
Economy is not government.
The primary purpose of government in general is to maintain order and protect citizens.
In US government, “protect” includes rights with equal protection under the law because the people are supreme.
In economies, free market is wholly run by the people (i.e. “supreme” as above), but to maintain rights and order, the government may step in to address frauds or other crimes.
So maybe “free and equal” market is best.
If the US dollar weren’t the worlds reserve currency and we weren’t willing to literally kill people for economic gain, much of our so called “capitalist wealth” would vaporize.
These two factors play a major macro level role and the wealth generated does trickle down.
But they were opposed to supporting Israel because Israel was "socialist!"
Japan has extended to the USA 550 billion to invest as it pleases in return for 10% of the profits.
Korea made a similar deal for about 350 billion.
Wouldn’t it be wise to invest that money in such a way as to vastly accelerate american growth and gdp and get a return on the investment that would contribute to the USA soveign wealth fund or that new retirement saving account that trump created with a deposit of 1000 per person? (In theory that would take over Social Security if enough funds were contributed at some point in the future)