The Mudcat Café TM
Thread #119265   Message #2589574
Posted By: CarolC
15-Mar-09 - 04:54 PM
Thread Name: BS: Capitalism has outlived its usefullness
Subject: RE: BS: Capitalism has outlived its usefullness
Capitalism is an idea, not an edifice. I agree with making a distinction between corporatism and capitalism. Capitalism is not at all the same thing as corporatism. I take old furniture and put art on it, and I will soon be making furniture, and I sell the product of my work. When I do these things, I am engaging in capitalism. There is absolutely nothing corrupt about what I am doing or the way I am doing it. If I lived in a strictly socialist or communist regime, and if I were to engage in the same kind of work on my own initiative, I would have to sell it illegally in the underground economy. If I did that, there would definitely be corruption involved in what I was doing.

It's backwards to suggest that only one or the other kind of economic model is inherently more prone to corruption. They both are equally prone to corruption, even thought the nature of the corruption may not look the same in both cases.