"Gaius Publius" has almost singlehandedly made Americablog readable again. It's fortunate, because I for one got rather sick of Chris Ryan's relentless "blame the Boomers" rants. I mean, Ryan has a really nice life in Paris, something of which he reminds us all the time, so I have no idea where his bitterness comes from. But this new guy (or gal, as the case may be), ought to be required reading for every teabagger who gets his or her opinions from Fox News.
Today "Gaius" writes about the relationship between state and capitalism -- and
makes the case why what we have right now is dangerously close to "The F Word".
Labels: capitalism, corporatism, greed
I'm always dismayed at how many conservatives and some libertarians tend to view corporations as some kind of natural manifestation of free market capitalism.
They are nothing of the sort. They are entities created by the state, which in turn lobby the state for special privileges, protections, and the regulation of their competitors, very often successfully. The state is happy to oblige in this cozy arrangement.
Yes, the "f" word is not very far off.