I should say that when people talk about capitalism its a bit of a joke. Theres no such thing. No country, no business class, has ever been willing to subject itself to the free market, free market discipline. Free markets are for others. The Third World is the Third World because they had free markets rammed down their throat. Meanwhile, the enlightened states, England, the United States, others, resorted to massive state intervention to protect private power, and still do. Thats right up to the present. The Reagan administration [from 1981 to 1989] for example was the most protectionist in post-war American history. Virtually the entire dynamic economy in the United States is based crucially on state initiative and intervention: computers, the internet, telecommunication, automation, pharmaceutical, you just name it. Run through it, and you find massive ripoffs of the public, meaning, a system in which under one guise or another the public pays the costs and takes the risks, and profit is privatized. Thats very remote from a free market.
Posted on: Sun, 17 Aug 2014 02:08:01 +0000
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