Many people come to the erroneous defence of – or only partial willingness to admit – the flaws of capitalism. They see the problems that are occurring, and will usually say something along one of the following lines:
- That’s not capitalism’s fault, that’s because capitalism isn’t being given free reign
- That’s not capitalism, that’s crony capitalism
- That’s not capitalism, that’s vulture capitalism
- That’s not capitalism, that’s socialism / communism
Continue reading “Thought for the Day: not “types” but STAGES OF capitalism”