For me, this is a tough question. I have always like Capitalism. A Market Economy. Economic Freedom. But I look around at the world today and I see a whole lot of people (just about every business and institution) and it's all about SQUEEZING every possible cent out of everyone. Screw the public. Screw the employees. The only thing that ever matters is "making the numbers" for the current financial quarter so that the Big People can get their bonuses and the stockholders can make some money.
I get it. That's good. That's Economic Freedom.
But now the world just sucks for almost everyone.
Capitalism only works in the long run if people care about each other. This takes a Judeo-Christian attitude in the West, or Confucian societal organization in the East. Greed destroys capitalism and brings on socialism, which then destroys everything.
CEOs sits on each others’ Board of Directors, and it’s “You scratch my back, and I’ll scratch yours.”
Private Equity firm bought out my public utility ISP. Now I have no internet because they refuse to send out a repairman. I called the PSC and they said they have no jurisdiction over a private company. I asked why did you let a private company buy out a public utility. No answer.
Its NOT capitalism
America has a centrally-planned monetary system, with money backed by nothing. It is entirely based on the creation of debt
its not capitalism. Its using an advantaged economic and political position, close to the creation of new money, to grab producing assets
It's not new either. Economists described this phenomenon 300 years ago. Its just those ideas have been suppressed, in the name of the elitist, socialist prophet (and pederast) John Maynard Keynes
Capitalism is the only system that takes human nature into account. unfortunately greed can set in and create monopolies and that is the road dictatorship. The weak spot appears to be cooperations.
The government looked the other way when “usury” became commonplace.
Various free market countries have systems that make leveraged buyouts for short term gain difficult.
For instance Japan has the keiretsu system that can involve interlocking ownership. You would have to have all owners agree to a leveraged buyout which is difficult to do.
Similar systems are used in Nordic countries as well (for instance a union would have to sign off on the deal).
For good reason other countries don’t want to adopt our predatory capitalism system...they don’t want their companies to fall victim like what happened to Red Lobster, Toys-R-Us, etc.
“That’s Economic Freedom.”
A discussion was on SKB show 1 Jan-
Dave Brat said something to the effect-there’s capitalism and then without God, without Jesus I think he said, there is corporatism
This is like Hollywood bad output or the NFL. The guys show disrespect to the flag during the Anthem. They are saying that the constitution for which it stands is racist. That racist nasty cops are acting within the constitution. No they’re not
Capitalism- all the audience who ever pledged allegiance to the Flag get up. They leave. If a season ticket is hundreds, they eat it. That’s allegiance to the flag. Never purchase again
The owners give a lesson publicly to the players, forbid disrespecting the anthem
The NFL thrives
Corporatism- most -not all, of the people sitting in the bleachers have a price on their allegiance to the flag, they don’t care about it after a couple hundred
The owners tell their customers they don’t care about the constitution. They take money from the remaining fans and they get subsidies. Do they come from state dept-declared enemies of the state? No one following the NFL cares
Corporatism-
Cracker Barrel ignores its customers in search of new customers
They think they’re getting young people. Some numbers cruncher who’s never gone out to do research is telling them this
They’ll do it until they’re in the ground with stupidity
No God
People who won’t go to a Cracker Barrel because the food is not their idea of what they want, they want a beer or glass of wine, they don’t want the shop. These people are never going back to Cracker Barrel and they’re not trying it
If Buc-ee’s gets taken over I’ll be surprised. But I don’t go there either. People like it b/c it’s clean, safe and they like the food and the merch. Capitalism
Somebody with the smarts will start a new “cracker barrel”. Hopefully it will devalue the old cracker barrel so much, the investment loses money upon liquidation. Cause no one will buy it.