-Caveat Lector-
SCIO-LTD wrote:
The subsidies are often indirect through the granting of
minor or major monopolies, (for a good example see the
history of AT&T, and the monopoly they had for well over
a half a century). The government often has a dual
use/dual purpose agenda in these areas, with strong
linkages between industry, academia, and government.
MJ:
This is NOT capitalism.
You too ... why is it everyone desires to label things as
such they are not?
nurev wrote:
This is not YOUR idea of capitalism. But capitalism it surely
is. This system is what capitalism became. The origins, the
myths, the outcomes are capitalist because the elites are
capitalist and shape the society to suit them. Ask the elites
what they are. Ask them their favorite economic system.
MJ:
capitalism (k�p��-tl-�z�em) noun
An economic system in which the means of production and
distribution are privately or corporately owned and
development is proportionate to the accumulation and
reinvestment of profits gained in a free market.
The American Heritage� Dictionary of the English Language,
Third Edition copyright � 1992 by Houghton Mifflin Company.
If the 'means of production' are regulated, provided, taken,
subsidized, licensed, etc. ... how are the privately owned?
Regard$,
--MJ
In republican governments, men are all equal; equal they
are also in despotic governments: in the former, because
they are everything; in the latter, because they are
nothing. -- Montesquieu, The Spirit of Laws Bk. VI, Ch. 2
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