We're supposed to live under capitalism, and capitalism is supposed to be competitive so you would expect that capitalists and entrepreneurs would like competition. Well, it turns out that capitalists do everything they can to avoid competition.
A general charge of crony capitalism is easy to make. But dividing the 'bad' crony capitalists from the 'good' innovative entrepreneurs is much harder to do. And sorting them out without creating a new group of crony capitalists may be the hardest thing of all.
Americans mythologize competition and credit it with saving us from socialist bread lines. Actually, capitalism and competition are opposites. Capitalism is premised on the accumulation of capital, but under perfect competition, all profits get competed away.
There are self-styled "anarcho-capitalists" (not to be confused with anarchists of any persuasion), who want the state abolished as a regulator of capitalism, and government handed over to capitalists.
What breaks capitalism, all that will ever break capitalism, is capitalists. The faster they run the more strain on their heart.
What is called 'capitalism' might more accurately be called consumerism. It is the consumers who call the tune, and those capitalists who want to remain capitalists have to learn to dance to it.
Before the GOP became the party of Trump's gangster capitalism, they weren't perfect capitalists, but they at least paid lip service to the power of markets and capitalism.
Government does create prosperity and growth by creating the conditions that allow both entrepreneurs and their customers to thrive; balancing the power of capitalists like me and workers isn't bad for capitalism - it's essential to it.
The elimination of individual capitalists and the replacement of private capitalism by state capitalism in Russia has not in the least altered the typical helpless and authoritarian character structure of the masses of people.
Too much capitalism does not mean too many capitalists, but too few capitalists.
I argue that one of the functions of a capitalist state is to defend capitalism from itself, to defend capitalism from the capitalists.
Capitalists seem uninterested in capitalism, even as eager entrepreneurs can't get financing. Businesses and investors sound like the Ancient Mariner, who complained, 'Water, water everywhere - nor any drop to drink.'
One of the biggest lies in capitalism is that companies like competition. They don't. Nobody likes competition.
Let's embrace productive capitalism, not casino capitalism, by restoring transparency and true competition in the commodities markets.
The only problem with capitalism is the capitalists.
Lets embrace productive capitalism, not casino capitalism, by restoring transparency and true competition in the commodities markets.
Competition-ruthless, unforgiving, to-the-death competition-is a crucial feature of capitalism.