United States of America is leaning towards and/or evolving into a socialist way of life?
sort by best latest
Agreed. Corporatism is anti-capitalism and anti-socialism. Corporatism worried the early American public and founders and caused Hamilton to defend what he called "the manufacturers" in an effort to ratify the Constitution.
What I find funny is those that bash big business in DC are actually the biggest corporatist backers you can find. They have regulated the system to such an extreme, they actually help those they are supposedly against.
Better look again. Capitalism is where free trade creates the market and the competitive pricing. When was the last time you could get a significantly lower price for heath care? How about car insurance for half price? Banks paying 7% on savings?
Exactly. Smith theorized capitalism as a "theory of moral sentiments" which would function because of the compassion, caring, and morality of people in a free marketplace. That said, even regulation of capitalism is history in the US today.
So socialism is low return on private investments? And socialism is the free market setting prices at an equilibrium point (or near equilibrium point) based on supply and demand with the supply side setting prices at the marginal dollar? Really?