Capitalism is nothing but a giant pyramid scheme.
Capitalism is nothing but a giant pyramid scheme.
I don’t think people actually agree on the definition of capitalism itself, I just looked it up and was a little surprised how definitive it is:
an economic and political system in which a country’s trade and industry are controlled by private owners for profit.
If you asked whether capitalism is a political system, at least in my random polling, 2 out of 9 respondents said No.
That is because it is not a political system. It does not describe where legitimacy is derived from nor how the government should be structured.
Capitalism is an economic system with as little government intervention possible.
Capitalism is an economic system with as little government intervention possible.
Doesn’t the bolded part make it a political system then?
Lobbyists exist because of freedom of assembly and freedom of speech laws. The strongest lobby in the USA without question is the AARP because their voter list is the most likely group of voters and they are nowhere near the largest donors. Anyone talking about lobbying in the context of capitalism is unfamiliar with either concept in any level.
For pete’s sake most capitalist nations do not have lobbying.
Capitalism is not a political system. You can have monarchal capitalist systems, fascist capitalist systems, oligarchic authoritarian capitalist systems, heck plutocratic democratic republics like the USA can be capitalist. Socialism is both political and economic but not all ideologies are both.