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Comment: "They conflate"capitalism" with "corporatism."
"They conflate"capitalism" with "corporatism."
Thanks to government "education" most young people think that our present system of fiat money, fractional-reserve banking, controlled and regulated markets and blatant political cronyism are what "capitalism" means. Given the choice between a system (as understood) in which rich people oppress the poor, and a system in which poor people can get some of their own back, naturally most people of good will choose the latter. Capitalism, despite Ayn Rand's best efforts, remains an unknown ideal.
Recommended reading: The Most Dangerous Superstition, http://www.amazon.com/Most-Dangerous-Superstition-Larken-Ros...
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