That’s specifically crony capitalism. Which is a bastardization if the system where the government is picking favorites, usually through bribery, so really corporations using the government to give themselves an advantage over their competition.
Capitalism puts the power over production in the hands of capital (by definition). So over time, wealth and political clout grow, and they start using that to bend government to their will. It’s not a bastardization, it’s 100% of the historical examples. A free market would require highly distributed power, not concentrated.
the problem with “free market” is they they can’t exist. as it gives power to those who gain from corrupting the system. it will always deteriorate to crony capitalism as soon as free markets exists.
That’s specifically crony capitalism. Which is a bastardization if the system where the government is picking favorites, usually through bribery, so really corporations using the government to give themselves an advantage over their competition.
It’s explicitly not free market
Pretty much what I said. Capitalism in practice.
Capitalism puts the power over production in the hands of capital (by definition). So over time, wealth and political clout grow, and they start using that to bend government to their will. It’s not a bastardization, it’s 100% of the historical examples. A free market would require highly distributed power, not concentrated.
the problem with “free market” is they they can’t exist. as it gives power to those who gain from corrupting the system. it will always deteriorate to crony capitalism as soon as free markets exists.