tag:blogger.com,1999:blog-695527399731010011.post2251818036745516013..comments2024-03-23T15:19:07.016-05:00Comments on Walker's Retreat: Narrative Warfare: Smedley Buttler Was (Half) RightBradford C. Walkerhttp://www.blogger.com/profile/10810129226163375188noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-695527399731010011.post-48111351973569992672022-05-15T20:35:19.329-05:002022-05-15T20:35:19.329-05:00"One of the big reasons why I am critical of ..."One of the big reasons why I am critical of capitalism is that rather than creating competitive markets, it tends to create a framework for enabling state sponsored racketeering. ..."<br /><br />Every time I see comments like this it makes me shake my head about how few people actually know what 'Capitalism' really is.<br /><br />All Capitalism means is that a person is able to buy for a dollar, sell for two, and keep what they have earned by their own efforts. That is all Capitalist Economics is.<br /><br />If you adopt a Capitalist economic model - it is presumed that you would have a solid moral, and cultural foundation in place to check against amoral depredation. (Force, Fraud, and Theft.)<br /><br />In short: Capitalism is an economic system for a more or less righteous people.<br /><br />Whereas Socialism is put forward as a moral, political, and economic system all rolled into one. (i.e. Adopting socialism will force your culture/society to act in a more 'righteous' manner.) I should not have to explain why that notion is very bad.<br /><br />Corporate racketeering is not capitalist. It is corrupt government created protections for established interests looking to suppress the competition of market forces, and enhance their own power and influence. Just ask any Economist of the Austrian school. The greed, corruption, and political machinations many lay at the feet of "Capitalism" are simply the moral human failings of Elites with power.<br /><br />They are just as prevalent, if not more so, in every other economic system.Wes350https://www.blogger.com/profile/18000679875275993917noreply@blogger.com