I consider the US not capitalist because the most important component of the economy, money, is centrally planned by a small committee of insiders. Broken money leads to broken markets. I’d be ok with calling it crony capitalism.
it’s not capitalism because the capital is controlled by few people?
Isn’t that the point of being a capitalist to secure more capital? Why would a pure-capitalist want Market regulation, and not themselves with all the money and everyone else with none?
I consider the US not capitalist because the most important component of the economy, money, is centrally planned by a small committee of insiders. Broken money leads to broken markets. I’d be ok with calling it crony capitalism.
it’s not capitalism because the capital is controlled by few people?
Isn’t that the point of being a capitalist to secure more capital? Why would a pure-capitalist want Market regulation, and not themselves with all the money and everyone else with none?
Capitalism means free markets. Your money is centrally planned, like in the Soviet Union, that’s the opposite of a free market.
capitalism means industry is controlled privately as a mechanism to generate profit
Indeed. State-run centrally planned money isn’t private.