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Steve Conway's avatar

I agree with the sentiment, but it is the philosophy of statism that has failed—not capitalism.

The state—through regulatory capture—has ensured the failure of capitalism. The state apparatus prefers one solution for many problems. That is the essence of statism.

Entrepreneurialism and free-market capitalism—a sovereign individual who is free to compete in the marketplace, creating goods and services to capture market share and capital—motivates individuals to create many solutions for many problems.

I don't want to assume anything, but intentionally or not, you are competing against other Substack newsletters.

Through the relatively free-market here on Substack, are you not creating a service that is attempting to capture market share/subscribers—paying subscribers or otherwise?

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TheLastCaucasian's avatar

Its not even that the government "ensures the failur of capitalism", but that when the government controls the means of production of any industry, that is Socialism. The government nearly the sole of the "millitary industrial conplex".

That is a monstrosity of GOVERNMENT-CONTROLLED PRODUCTION - the basic founding principle of SOCIALISM.

What we have in our nation are sectors of the economy that controlled by means of SOCIALISM.

You can argue they are privately owned, by if you don't conteol what you make - you are not privately owned.

That's why NAZI-ism was executed largely in this manner, as they did not have time with the onset of their war, to take ownership of most of the economy - instead they took control. Indeed the Nazi party, The National SOCIALIST Workers Party of Germany, if far more in the line economically with the problematic parts of our economy:

Pharmaceuticals, War, Etc.

And they are sectors of our economy that are socialized, with no little to no private options remaining:

Welfare, SSDI, etc - all have supplanted any private unemployment or disability insurance. And without the competition of a free market, these socialized segments of our economy have become HORRIBLY CORRUPT; just like anything that is SOCIALIZED becomes.

THIS IS WHAT SOCIALIZING A SEGMENT OF THE ECONOMY DOES:

I know a drug addict on disability for 10 years now, that loves in a $200 a month 2 bedroom apartment by himself that would cost in excess of $1600 on the private market. And he pays for it with his disability check that exceeds $1000 a month. He also gets food stamps on top of that. The rest gets spent on DRUGS. On which our GOVERNMENT has ruled: we CANNOT DRUG-TEST WELFARE RECIPIENTS.

Private unemployment and disabity insurance would never allow this excess or corruption, they care about how the money is spent - unlike socialized government programs.

We need MORE CAPITALISM, and the government should do its one job there: PREVENT TRUSTS/CARTELS/MONOPOLIES from acting in anticompetitive manners.

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bill wolfe's avatar

You too ignore the source of State capture: corporate power, which is derived from and based on capitalism.

Libertarians, utopian economists, and Republicans have done a good job in shifting the focus on inquiry (and blame) from corporations and capitalism to government. You do the same.

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Steve Conway's avatar

Nah ah don't, Bill.

Let me help you a little here:

A corporation is a legal entity that only exists in the context of the state/government.

Corporations cannot / do not exist outside "The Matrix" that is the state.

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bill wolfe's avatar

Ah, let me explain that (again).

When the bank teller hands over the cash to the bank robber with a gun in his face, we don't blame the robbery on the bank teller.

In this case you confuse the bank teller (government) with the bank robbers (capitalists).

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bill wolfe's avatar

You ignore the source of State capture: corporate power, which is derived from and based on capitalism.

Liberations and Republicans have done a good job in shifting the focus on inquiry (and blame) from corporations and capitalism to government. You do the same.

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Steve Conway's avatar

PS

It is the state that has a monopoly on the use of force and coercion. The state has the power to lock you up, or lock you down.

Corporations are merely the lapdogs of the state.

Sure, lots of back scratching going on between the entities—but if the last 2 plus years hasn't shown that it is the state that enslaves, I cannot convince you otherwise.

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bill wolfe's avatar

Why do you think the government rarely or never uses their powers of force and coercion on the capitalists? Government is owned by the capitalists.

Just think, will you.

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