Capitalism vs. Corporatism

Capitalism Good. Corporatism Bad.

The United States was founded on principles of Liberty and a free market. Besides I firmly believe that that is one of the greatest reasons why the United States grew to become the most powerful and wealthiest nation in history. Capitalism rewards the individual's initiative.

There is growing debate and confusion about capitalism; that capitalism has failed and is to blame for our current economic morass. Capitalism is not the problem and never has been. What has happened is that capitalism (good) has been transformed into corporatism (bad).

Capitalism is when a fair, competitive marketplace, operating with minimal government interference, allows healthy competition on a level playing field that keeps businesses lean, sound, and profitable. Corporatism is when government colludes with favored corporations giving them an unfair advantage in the marketplace. These corporations then start operating like spoiled children. Insulated from fair market competition, they get sloppy and wasteful in their operations and when they encounter any problems they receive preferential treatment from their political cronies up to and including taxpayer funded bailouts becasue they are "too big to fail".

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