"We have Corporatism, not capitalism."

[NorthCarolinaLiberty]

I'm confused as too why Ron Paul and Libertarians say there is a system of corporatism, not capitalism.

You're not confused at all. You're just being disingenuous.

[Natural Citizen]

So hows about we start off by using the more appropriate term and work from there?

Ben Swann mentioned the phenomenon in a relevant way that isn't often aknowledged, Ithought.

Understanding Fascism - Collectivism vs. Individual Rights...




That said, mercantilism is what is parading under the illusion of capitalism at the moment.

[Jerry C]

Because there a significant difference between a system where business succeed or fail based on their own merits and how well they serve and please their customers and a system where businesses succeed based on how many lobbyists they send to Washington. One system is based on the free exchange of goods and services and the other is based on bribery, fraud and coercion.

[oyarde]

Capitalism is practiced on my place .

[Danke]

Capitalism is practiced on my place .

We know.

[AZJoe]

[nulledplug]

Here is a couple of economic/political philosophy flash cards:

Capitalism - Your own risk, your own reward

Corporatism(fascism) - Socialized risk, privatized profit

Which is closer to what we have?

yes