You have “welfare capitalism” as they define it so that they get to still try to keep people tethered to capitalism. Capitalism is not just having money, it’s a system that prioritizes said money. Capitalism seeks to reduce regulation and separate the worker and owner class and basically by definition you don’t get to have a say if you don’t have money. Scandinavian countries are not finding a balance but are resisting capitalism while keeping its name and to make people not be afraid of not having it(for some fuckin’ reason people really want it I don’t get it).
If you have strong regulations, a government focused on taking care of people instead of relying on businesses to do it, and the people have fair power then you don’t have capitalism, just a system where private ownership exists but is not jerked-off at every turn like in the states. It was literally made up so the merchant class could keep all their money as monarchies were falling. It’s a not something you want to even associate with. Even the states hasn’t gone full capitalism because they know(knew) that it’s not a truly viable system.
I also want system with some level of private ownership, but I also don’t think private, for-profit power generation should be a thing and if a company under “capitalism” is too big to fail then at least a large part of it should be sold to the government, and at least have it’s executive board purged, not handed a bunch of money as they hold their employees’ jobs hostage.
Capitalism goes through different waves and has grown to accept government involvement insofar as to reduce market failures of which monopolies and externalities are some important ones. Unions are justified in capitalism by solving the market failure of asymmetric information.
You have “welfare capitalism” as they define it so that they get to still try to keep people tethered to capitalism. Capitalism is not just having money, it’s a system that prioritizes said money. Capitalism seeks to reduce regulation and separate the worker and owner class and basically by definition you don’t get to have a say if you don’t have money. Scandinavian countries are not finding a balance but are resisting capitalism while keeping its name and to make people not be afraid of not having it(for some fuckin’ reason people really want it I don’t get it).
If you have strong regulations, a government focused on taking care of people instead of relying on businesses to do it, and the people have fair power then you don’t have capitalism, just a system where private ownership exists but is not jerked-off at every turn like in the states. It was literally made up so the merchant class could keep all their money as monarchies were falling. It’s a not something you want to even associate with. Even the states hasn’t gone full capitalism because they know(knew) that it’s not a truly viable system.
I also want system with some level of private ownership, but I also don’t think private, for-profit power generation should be a thing and if a company under “capitalism” is too big to fail then at least a large part of it should be sold to the government, and at least have it’s executive board purged, not handed a bunch of money as they hold their employees’ jobs hostage.
Capitalism goes through different waves and has grown to accept government involvement insofar as to reduce market failures of which monopolies and externalities are some important ones. Unions are justified in capitalism by solving the market failure of asymmetric information.