Quote:
Quote by: zynner  When I use the term "capitalism," I am specifically referring
to a laissez-faire economy: the government has no ability
to hand out favors to anyone.
So, if you have a government that hands out favors
to big oil, for example, it is not "`capitalist," but
mercantilist or fascist. |
Favors are vulgar, yet they will happen to create advantages and incentives for the dominant system. I agree that it's essentially fascist, but I see no need to not call it capitalism.
Grandpa h.