Posted 10 years ago on Oct. 8, 2011, 12:19 a.m. EST by Dutchess
This content is user submitted and not an official statement
Capitalism is when the markets react to supply and demand and the monetary system is backed by something of intrinsic value to keep money from inflation, It is THE regulation to keep a monetary system in check.
Corporatism is the merger between Big Banks/Big Corp and corrupt Govt and is backed by fiat money ( money not backed by anything and merely ordered to be printed off the press)
What is failing the people today.......is NOT Capitalism. We do NOT have free markets with sound money. We have Corporatism....the merger between Big Corp/Banks and Govt backed by fiat money.
Both political parties practice the exact same format of economics...Keynesian economics backed by fiat money...which is the root cause of today's.........corporatism.
Please people Wake up...The left keeps confusing Corporatism with Capitalism and the right keeps confusing Corporatism with socialism. But in all essence Corporatism is Corporate welfare!