Im a little confused. Is America actually capitalist, or is it crony capitalist? Would TRUE capitalism have any problems? On the surface, it makes sense: make good product, get money. Someone makes better product, you need to improve yours or you go out of business. The issue is when we get monopolies and regulations that then restrict actual good products from being able to exist. But thats not a thing in true capitalism (so they say)
Is the best thing a mix of socialism and capitalism? I dont think we could abolish government, as someone has to lead. Certainly government needs to have actual checks and balances in place.
The actual problem, from an anarchist-anarcho capitalist sense, is that capitalism is morally incompatible with the state or a government conceptually, because given the nature of capitalism—and moreover people in general—free enterprise will also take hold of this all powerful monopoly that is the state, and then pervert it to its own ends.
Hence, crony capitalism.
Arguably, whether capitalism or socialism, when combined with a State, both break down rapidly.
Can you explain “the state?” I hear it used so many times and I do not get it. They dont mean the actual state one lives in, like the governor of California etc? I just hear everything blamed on “the state” and I have no idea who they mean.