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Capitalism vs. Corporatism

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Published on Jun 11, 2011

Though many (especially on the left) blame capitalism for so much of today's problems. But I believe what they are incorrectly calling capitalism, is actually what I call 'corporatism'. Many of my fellow libertarians call it 'crony capitalism', but I think that muddy's the issue by using the word 'capitalism' in a different context.

I'm basically responding to a request from a very kindly written email the other week with this one, so in a fairly brief and simple way, here's a quick attempt at a definition of the difference between capitalism and corporatism, and how corporatism has more in common with statism/socialism than the free market. In fact, I think corporatism is ANTI the free market.

Apologies for any mistakes, they're all mine and unintentional!


http://www.andyjonesonline.co.uk
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