Can the US even be considered all that close to capitalism?
I’ve been thinking a lot about a common argument used by progressives and the like, that capitalism causes a large amount of suffering in the states and is responsible for the disparity in wealth and wage stagnation that we see. Looking at it from a spectrum of a free market and one controlled by the state, I think we are closer to the latter. There are claims that without government intervention we’ll be “at the mercy of corporations” but the government enables these corporations by distorting the market. Corporations are in bed with politicians and limiting the power of the politicians limits the power of the corporations. Imperialism and exploitation of developing nations is another matter but is not exclusive to capitalism, ideally there should be free trade with other nations to benefit both parties.
Any thoughts on this? Hope this was well articulated
Article from r/Libertarian: For a Free Society