this post was submitted on 20 Jan 2025
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United States | News & Politics
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You think we're still capitalist? Im not sure what to call the economy of this protofascist state but it isn't capitalist with the amount the new administration is backing specific businesses.
That's still capitalism. I believe that might fall under cronyism? That, or simply oligarchy would work. But it's still capitalism.
In capitalism the state is expressly not interfering on behalf of one business versus another. This would be like a communist state that had a stock market. It fundamentally goes against acore principle of the philosophy
East India Company?
That's mercantilism as the state approved and supported their choices.
Capitalism is the philosophical response to mercantilism so the East India Companies would not be capitalist.