Critique of Capitalism Pt. 1
It is critical to define terms prior to the discussion. For the purposes of this post, Capitalism refers to all general forms ranging from the so-called ‘Corporatism’ that we see today to the ‘Free Market Capitalism’ that many libertarians are hopeful for. The reason why I connect these seemingly different forms of Capitalism is because I believe that Corporatism is simply an inevitable output of the function that is ‘Free Market’ Capitalism.
If we were to erase all debts, eliminate all government programs and start from scratch by tomorrow inevitably in ‘x’ amount of years we would be back to the same inefficient and unsustainable monetary system that we see in today’s world. This is capitalism in its truest sense. Why? Well, capitalism preaches competition and subscribes to the brutal force of the invisible hand referencing individual’s freedom to make their own decisions and thus their successes and failures. Therefore, it is only logical (and inevitable) that monopolies and corruption will exist. Wow, hold on there, let’s do some thinking before jumping to such conclusions.