You keep saying that like it’s a sole proof of capitalism’s failure. That’s not a proof for capitalism’s failure. It’s a proof for croney capitalism or also known as state run capitalism.
two are intigrated either out of hubris or greed, makes no difference.
Their the same animal in outcome.
It’s word play.
enact and enforce laws that prevent business and industries from become so big they can impact policy regulations and suppress competition.
it doesn’t matter who’s wagging the dog politicians, CEO, banker, general or academic.
Yes it’s a state if idyllic circumstance and never fully achieved. But throwing one out while embracing the other is nothing more than jumping into a neighbor’s dirty bath water because someone whispered its was a little bit warmer or cleaner.
But I never talked about capitalism's failure.
Crony capitalism is the result of capitalism: as more wealth is concentrated among a few, then the few are able to influence the government.
State capitalism is not the same as crony capitalism but actually the opposite: the state takes control of various industries, leading to the formation of public corporations. Crony capitalism refers to collusion between business people and politicians. An example of that is the military industrial complex.
Of course, capitalism is based on greed when corporations are for-profit, whether they're private or state-owned. Where did you get the idea that they aren't?
What word play are you talking about?
Enforcing and enacting laws don't "impact" regulations. They are regulations.
They may or may not stifle competition. If a law, for example, lowers tax rates, then that may mean more competition.
The one who wags the dog is always the one in power. That means CEOs and bankers, who finance the military and research institutions.
Finally, what dirty bath water are you talking about?
