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.
“Crony capitalism” is a term invented by defenders of capitalism so that they can put all the bad parts of capitalism in a separate bucket and say “that’s not real capitalism.” It’s a “no true Scotsman” fallacy.
Thats exactly what it sounds like.
For reference, one of my friends defends capitalism to the death (the best part, hes dirt poor) and always thinks hes right. I just wanted to make sure I wasn’t losing my mind…
You need smarter friends.