“Socialism“ is trending on Twitter and it’s pretty clear that most of the people criticizing what they think is “capitalism” are actually critics of the cronyism and big government/big business corruption that more resembles authoritarian fascism.
A capitalist can only succeed by providing goods or services to others in free exchanges that benefit both parties. The idea that capitalism is inherently exploitive is based on the assumption that market failure and monopolies are the inevitable outcome.
Antitrust has a role in curing market failure but it means that government gets a lot of power. And that power can be used for corrupt purposes.

There is no perfect system.
You can follow @rationalwalk.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:

By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.