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WSHazel

(579 posts)

4. It really became corporate socialism rather than laissez faire capitalism

Reply to slightlv (Reply #3)

Tue Aug 26, 2025, 04:34 PM

Aug 26

The government started putting up all kinds of protections for corporations and the rich, and weakened the safety net. This drove down wages and concentrated wealth.

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slightlv

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The Economic Myths Supporting The Existence Of Billionaires -- Ed Walker - Emptywheel [View all] erronis Aug 26 OP

The arguments for greater state control make me uncomfortable WSHazel Aug 26 #1

Admirable goals and actions. I hope we can see some of these in another future! erronis Aug 26 #2

Maga is certainly beginning to get that "state control of private companies" now! slightlv Aug 26 #3

It really became corporate socialism rather than laissez faire capitalism WSHazel Aug 26 #4

Excellent synopsis! Thank you! slightlv Aug 26 #5