I would hope that people do not think that America is about Capitalism. Jaana Woiceshyn in this post should have proposed a monument to the “Victims of Corporatism”.
When the Canadian government recently announced the plan to build a monument to victims of communism, Elizabeth May, the Green Party leader (and the party’s sole MP) tweeted: “no mention of monument to victims of capitalism.” While the government should not build any monuments—it is spending our money without our consent—Ms. May’s tweet warrants comment. It reflects widespread ignorance of capitalism, and not just among politicians. As the system consistent with requirements of human survival and flourishing, understanding capitalism is in our self-interest.
Many people confuse our current mixed economy with capitalism. However, there is no capitalist system anywhere in the world (the closest to it was 19th century America but even there capitalism was not pure but entailed government involvement in the economy), so there hardly could be any “victims” of capitalism. But more fundamentally, there cannot be victims of capitalism because the whole concept is a contradiction…
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