Politics, Economics, and the Law
You Can’t Blame the Free Market When it Doesn’t Exist
January 10, 2012Posted by on
Corporatism vs. the Free Market, over at Reason. A response to those who would erroneously blame the relative lack on income mobility in the United States on capitalism.
It’s not the fault of capitalism, because America isn’t a capitalist nation. Instead try “crony capitalism,” “corporatism,” “corporate socialism,” or perhaps very nearly “fascism.”
Also a pair of old articles at The Freeman are linked within the above, which I’ll also directly link here for the sake of emphasis: