(July 15, 2018 at 2:35 pm)Minimalist Wrote:Quote:but both they and the mom and pop shops are capitalists.
It's a question of degree and what they try to do with their power.
Agreed. And if you want to say that big money has become too abusive in current history, I would agree. But I am not willing to throw away the concept of open markets. China's communist party is a kleptocracy. North Korea is a kleptocracy. Cuba is a kleptocracy and so is Russia. They simply control the market more strictly and reward party loyalists.
What created the middle class in America after WW2 were regulating financial markets, investing in social stability. Unfortunately some confuse Cuba's and China's growing capitalism as being pro pluralism, and they are not. They are still oppressive authoritarian states.
