- Joined
- Jan 25, 2012
- Messages
- 31,388
- Reaction score
- 28,730
- Location
- Vancouver, Canada Dual citizen
- Gender
- Male
- Political Leaning
- Independent
We have corporate capitalism, not free market. Corporate capitalism innately bolsters the corporate identy while making rule sand regulations which make it harder for smaller business to compete. The result is the end of competition, which is a hallmark of actual free market. Oligarchy rules the Corporate Capitalist world and economic mobility, meaning the ease at which one can rise or fall from one financial class to another, becomes restricted. So more and more the poor will have a hard time making out of being poor, and the rich will find it harder and harder to become poor.
Free market, on the other hand, rewards input, ingenuity, enterprise, and innovation. To the best go the spoils. A poor man can become rich through effort and intelligence and invention. Likewise a rich man can become poor through apathy and bad decision. It allows for a flow.
Currently, competition is choked off and we're stagnating in a pool of corporate oligarchy. The Corporate State reigns supreme now.
I don't believe a word you say, it is garbage.
You have never read an economics text in your life and make up neat sounding ****...
You been called out friend.