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Is capitalism a threat to democracy?

newyorker.com

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Re: Is capitalism a threat to democracy?

#81
post #57

Earlier quoted context omitted.

No. But democracy is a threat to freedom.

It's only a threat to the freedom of the privileged, but it protects the freedom of the vulnerable.

OH god no. Democracy is a system which can easily trample on the freedoms of the vulnerable. It's why you need to engineer your actual system of government to give representation to the vulnerable that is hard to ignore.

Re: Is capitalism a threat to democracy?

#83
post #34

Earlier quoted context omitted.

In the absence of big government, big corporate will become defacto government even more easily.

I don’t think that’s necessarily true. Government is unique because of its “social license” to govern, meaning that the vast majority of people recognize its authority to do things other people or groups cannot do (like make laws, imprison people, or collect taxes). Corporations don’t have that social license, which is why they need to cozy up with government to take advantage of that unique authority.

Without a government they can start to take this authority themselves in much the same way that local warlords do. Gradually by force, because they have power and you don't.

A small / weak government can't do anything to stop them.

Re: Is capitalism a threat to democracy?

#84

Earlier quoted context omitted.

In the absence of big government, big corporate will become defacto government even more easily.

Not necessarily. Big corporations actually depend on the State for their very existence, and leverage corruption, regulatory capture, etc., to grow larger and more powerful than they would naturally.

That's a common view, but I don't think the evidence supports it. What "corruption" and "regulatory capture" did Amazon or Google leverage in coming to dominate multiple verticals?

Instead, I think technology is the culprit. Technology pushes out the boundary where economies of scale give way to diseconomies of scale. Mom & pops can't compete with Amazon not because Amazon has a few senators in its pocket. They can't do it because Amazon's immense scale (multiple robotic warehouses, in-house shipping and logistics expertise, etc.) makes it impossible to compete on price and quality.

Re: Is capitalism a threat to democracy?

#85
post #34

Earlier quoted context omitted.

In the absence of big government, big corporate will become defacto government even more easily.

I don’t think that’s necessarily true. Government is unique because of its “social license” to govern, meaning that the vast majority of people recognize its authority to do things other people or groups cannot do (like make laws, imprison people, or collect taxes). Corporations don’t have that social license, which is why they need to cozy up with government to take advantage of that unique authority.

Corporations are more than happy to take on that mantle if they are able. You saw that with the East India Company's full army and navy, you saw that with company mining towns that issued their own currency and controlled every aspect of their employees lives, you saw that with the Pinkertons investigating and dispatching extrajudicial punishment, and you see that today with Nestle paramilitaries.

Re: Is capitalism a threat to democracy?

#86

Simple answer: No. More nuanced answer: not exactly. Not Capitalism per-se anyway. But clearly you can see an unhealthy degree of commingling of big government and big business, in a way that is damaging to society at large. But to my mind: a. that's corruption, not capitalism b. that's an argument against big government, not an argument against capitalism

Capitalism as a social framework that “looks” like what we know wasn’t a thing until the mid-1800s

150+ years of “guidance” by experts, stewards of industry, and government making claims of operating roughly along that framework

And this is where we are

Humans are the problem with every social system they have built. Humans bring it down because humans get sick of propping up the dead past

These silly abstractions rely on getting everyone on board and the ones that aren’t are treated as heretics

Capitalism has never been about a free flow of capital and information

It has since its beginning been inherently about benefiting the owners who, due to HUMAN nature, not government which is used as a straw man, an abstraction away from reality (humans are doing this, not “government”)

Our economics, including capitalism are, like Trump, a byproduct of the broader cultural feelings. The words and attitudes flow; might and power bring gains. I will fight to protect them. Capitalism

You can wave the math around and I’ll say ok yes they followed the rules of math. But it’s applied to the wrong context

Humans are corruptable, emotional first animals. Capitalism manipulates that reality to favor conversation and action in support of owners

It’s inherently intended as a framework to control conversation; protect my stuff and way of life

It’s another religion. Belief and support of it are rewarded. Anything else and you starve

In the land of the free. Ha

Re: Is capitalism a threat to democracy?

#87

Anti free market hit piece disguised as an article using questionable interpretation of history. This is propaganda for the middle and upper class.

> This is propaganda for the middle and upper class

uh, how would this not be propaganda against the middle and upper classes?

Re: Is capitalism a threat to democracy?

#88

Earlier quoted context omitted.

This is a bit similar to claiming that communism is great, because all the times when it was tried and there were problems weren't real communism. If capitalism tends to inevitably lead to corruption of government and the undermining of democracy etc in the long run, then that's an interesting critique, which can't just be swatted away with "yes but the result isn't capitalism".

If capitalism tends to inevitably lead to corruption of government That's a pretty big if.

[deleted]

Re: Is capitalism a threat to democracy?

#89

Simple answer: No. More nuanced answer: not exactly. Not Capitalism per-se anyway. But clearly you can see an unhealthy degree of commingling of big government and big business, in a way that is damaging to society at large. But to my mind: a. that's corruption, not capitalism b. that's an argument against big government, not an argument against capitalism

>an unhealthy degree of commingling of big government and big business

The nature of Capitalism is always to press for this. Like a liquid, it will find any crack in your Democratic system to permeate.

The answer is not no, or even not exactly, the answer is probably always at least a little. Democracy's job is to make it as little as possible.

In America it seems we have gone the other direction once you start to dig in. See: political ad season and SuperPACs.

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