15 Mar 2024 1:18 pm
The problem with American Capitalism is that the CORPS control WASH DC.Fuelman » 15 Mar 2024, 1:10 pm » wrote: ↑
It's great until you are the one getting screwed over. The trick is to actually participate in capitalism and be in a position to tell Tyson Foods to **** off should you be in the cross hairs.
Pillars of Capitalism:
private property, which allows people to own tangible assets such as land and houses and intangible assets such as stocks and bonds;self-interest, through which people act in pursuit of their own good, without regard for sociopolitical pressure. Nonetheless, these uncoordinated individuals end up benefiting society as if, in the words of Smith’s 1776 Wealth of Nations, they were guided by an invisible hand;
Russian/Chinese Capitalism the STATE controls the CORPS.
Neither of these assertions is absolute of course - but in general that how it works.
We could argue all day about which is more righteous. I would assert that
Russia and China are doing very well. Russia's economy is absolutely
defying 1,000s of West sanctions.
I agree that one of the best pieces of Capitalism is owning property. This also
thrives in China and Russia. In fact in Russia the % of home ownership
is higher than in America.