9 Nov 2014 8:28 pm
So does the government seek out the capitalist or vice versa? What's in it for the government to provide advantage to corporations over the interests of the worker and consumer?RichClem » 09 Nov 2014 7:56 pm » wrote: I understand what you don't; that without the power of government Capitalism is voluntary, and that the definition of Capitalism is Free Market Capitalism.
Combine the power of business and government, and you end up with a form of Fascism.
That's exactly why Socialism fails.
Do you have a bumper sticker for that one, Clem?
A quick lesson:
The government needs corporations to provide jobs to gain tax revenues.
The corporation needs the government to provide an educated and skilled labor force, a sound infrastructure to operate with and a pool of consumers with spending ability.
Corporations need laborers to produce the goods and consumers to purchase them. They are often one in the same.
Laborers and consumers need corporations to provide them with jobs and consumables. They also need the government to protect them from corporate abuse of their participation in the cycle. As the capitalist snake has a natural taste for its own tail and will consume itself, at it's own peril, corporations also need the regulations imposed upon them to protect themselves from themselves. They know this but fight it, as the child does, his serving of broccoli.
It all works until the corporations run out of jobs, find more advantageous labor elsewhere or are left unregulated.
Here we are. Western capitalism is broken. What survives of it is mostly limited to Wall Street transactions and small Main Street businesses trying to compete with Walmart, Target, Kroger, etc. Large corporations subsidized by the Federal government. Rid ourselves of these big competitors and the subsidies become unnecessary. Small businesses compete with each other for labor and consumers.
Free enterprise reins once again.
If the best you can do is google a definition, you have no business being in a discussion about capitalism.