In the U.S., “capitalism” has effectively functioned predominantly as a form of corporate/government fascism since the establishment of the railroads in the 19th century.
In the U.S., “capitalism” has effectively functioned predominantly as a form of corporate/government fascism since the establishment of the railroads in the 19th century.
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Yep! With the Federal government “land grants” for the Transcontinental Railroad, government and “Big Business” became partners. This happened long ago in US History and it’s surprising that people didn’t see -even then- that there is really no “free market” without political considerations coming into play. In fact, as you go back in time the subject we know as “economics” was largely referred to as “political economy”. It was simply assumed that politics and economics went hand in hand.
Along the same lines of what I said, but the government also served the interests of Shipping companies and other such companies which were dependent on trade, as well as domestic manufacturers.