LogFAQs > #880869032

frozenshock posted...

What capitalism is supposed to be:

- Make a product
- Your product is better and cheaper than your competitors
- Profit
- Consumers profit too because they get the best and cheapest

What capitalism is actually like

- Make a bad product
- Use your huge amount of money and political connections to take your competitors off the market and use patent law excessively to further curb any attempt at competition and make insurmountably expensive barriers to entry
- Profit
- Consumers get screwed over because they get a bad and overpriced product but they got no choice because there's no competition

One of these describes Capitalism. The other describes Corporatism. A lot of people conflate the two. Some people, like Michael Moore, are intellectually dishonest and mislead people deliberately. Other people are legitimately confused because the US falsely brands itself as a Capitalist country, when it is in fact Corporatist. If you fall into the latter category, I'd encourage you to question what people have been selling you.
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BKSheikah owned me so thoroughly in the 2017 guru contest, I'd swear he used the Lens of Truth to pick his bracket. (thengamer.com/guru)