Perhaps, but I guess I'm just thinking about the trillions of dollars in covid loans, bank bailouts, agricultural subsidies, and monopoly breakups and I see that one could argue that the American economy is definitely state managed, just to a lesser extent than China (or wherever). You could also just say it does a bad job.
To me, those things are (mostly) coming from capital up. Industrial farms demanding subsidies, capital siphoning off Covid funds, etc. But, I suspect at that point we're in agreement on outcome, disagreement on process.
No I feel you, I'd agree with you more than Nathan if he were to really try and argue that position, but I just didn't want to see it dismissed out of hand.
I mean, there's some truth to that. Pretty sure that "state capitalism" isn't rigidly defined.
A state captured by capital seems more accurate, although I might be being pedantic.
Perhaps, but I guess I'm just thinking about the trillions of dollars in covid loans, bank bailouts, agricultural subsidies, and monopoly breakups and I see that one could argue that the American economy is definitely state managed, just to a lesser extent than China (or wherever). You could also just say it does a bad job.
To me, those things are (mostly) coming from capital up. Industrial farms demanding subsidies, capital siphoning off Covid funds, etc. But, I suspect at that point we're in agreement on outcome, disagreement on process.
No I feel you, I'd agree with you more than Nathan if he were to really try and argue that position, but I just didn't want to see it dismissed out of hand.
State capitalism with inverted-totalitarianism characteristics, maybe? If we're being generous.