01 December 2007

oligarchy is not capitalism

R.Dale has posted a Rant against "capitalism." what i always think is odd is the statement that what we have now is "free market capitalism." i suppose in some relative sense it is, but having our national money supply in the hands of a single private entity and permitting/encouraging oligarchs to rule our economy sounds more like hegemony than capitalism. under a gubmint that is actually subservient to the people, with limited powers and a mission to protect rights, i don't think something like our current system could really exist. unfortunately for me (and you), that kind of gubmint apparently creates a power vacuum filled by hegemonists.

when people like Angus can't even spot the looney, how do we keep tabs on the huge pork factory in DC?

2 comments:

  1. so whats the difference between oligarchy and capitalism

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  2. here's something that states what i mean more clearly. i've mentioned on other blogs how perhaps 'free market' just doesn't convey what libertarians like me (as opposed to Randroids) envision. perhaps an upcoming post...

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