Showing posts with label Ralph Nader. Show all posts
Showing posts with label Ralph Nader. Show all posts

Monday, March 25, 2013

Ralph Nader: Income Inequality And The Minimum Wage

Though many (especially on the left) blame capitalism for so much of today's problems. But I believe what they are incorrectly calling capitalism, is actually what I call 'corporatism'. Many of my fellow libertarians call it 'crony capitalism', but I think that muddy's the issue by using the word 'capitalism' in a different context.Corporatism IS a form of Capitalism, in what started as "capitalism", gradually ended up being "corporatism". They are one of the same because both systems are based on self-interest. Corporatism is no different because instead of a person acting on it's own self-interest, it is the State that is acting upon its own interest. Both act upon the same principles, so eventually, Capitalism lead to a greedier form. Both are inherently flawed, and advocates of the "free market" need a reality check.