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Faux Capitalism

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Posted By: sw penn, 10/1/2021 9:27:06 AM

A recent Fox News poll reported that 59% of Democrats have a favorable view of socialism compared with 49% who have a favorable view of capitalism. A few weeks ago, Nancy Pelosi, while speaking at an event in London, commented that capitalism has not served our country as well as it should. [SNIP] We have the illusion of choice when making a purchase or hiring a service, but, in fact, the choices are limited. The four largest airlines control 65% of air travel, and because one of the four usually dominates a regional hub, there is even less competition within a region.

Comments:

There's no Capitalism.
There's no competition.
The four largest airlines:
1.American Airlines Group
The Vanguard Group, Inc. 10.05%
PRIMECAP Management Co. 6.65%
BlackRock Fund Advisors 4.42%
2. Delta Air Lines
The Vanguard Group, Inc. 10.10%
BlackRock Fund Advisors 4.70%
Capital Research & Management Co 3.43%
3. Southwest Airlines
PRIMECAP Management Co. 9.55%
The Vanguard Group, Inc. 8.56%
SSgA Funds Management, Inc. 6.90%
4. United Airlines
Vanguard Group Inc. 9.4%
PRIMECAP Management Co. 8.9%
BlackRock Inc. 4.9%
Corporations provide the illusion of choice.
The owners call the tune...

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Reply 1 - Posted by: cor-vet 10/1/2021 9:31:25 AM (No. 931922)
Capitalism sure hasn't hurt Nasty Nans bottom line, has it?
6 people like this.

Reply 2 - Posted by: Venturer 10/1/2021 10:05:04 AM (No. 931963)
Nancy doesn't fly Commercial anyway. She fly's Taxpayer funded Government private airlines
2 people like this.

Reply 3 - Posted by: LC Chihuahua 10/1/2021 10:06:02 AM (No. 931967)
Oh I don't know. Our representative Democracy gave us a leftist feebleminded fool by the name of Biden so it can't be all that supposed to be. This is what the rule of the dumb and dishonest looks like. Doesn't matter what you call it. Perhaps Faux Capitalism (looters) is what you get when capitalism has been corrupted along with everything else.
3 people like this.

Reply 4 - Posted by: Sanchin 10/1/2021 10:09:17 AM (No. 931975)
Our economy is at best a hybrid between Socialism and Capitalism and as such we have eroded the principles of capitalism and what capitalism means in the traditional sense. On top of that, the financialization of the economy since the eighties has distorted the markets. America is eating itself. When people clamor against capitalism and blame it for the problems we are now facing they show that they do not have a clue as to what capitalism is. Unfortunately, it is unlikely that one will ever convince the majority of the people in this country that capitalism has not truly existed inn country for decades.
3 people like this.

Reply 5 - Posted by: DVC 10/1/2021 11:31:41 AM (No. 932067)
Our system today is actually far closer to the actual original definition of fascism than it is to free market economy. Today, the word 'fascism' has become just another pejorative tossed about by folks who either don't know, or don't care what it actually meant as an economic system and should technically still mean. Fascism is a government system where the means of production are owned by private companies, but the government orders how businesses are operated and makes laws to force businesses to do it's bidding. And interestingly....I just looked up a few online "definitions" of fascism and they have morphed into something that they never were when Mussolini invented it. Terms like "far right" and "totalitarian" and "nationalist" seem to now dominate these latter day, leftist inspired political "definitions". The concept that it is "far right" is obvious bunk, as it is just another variant of far left government economic control. And yet, none of the two or three "definitions" that I looked at mentioned the core issue of private ownership with government direction of the economy which originally defined what fascism was. So, I guess today the term has been abused into losing most of it's actual economic meaning, and just become a hate word to beat up anyone who is to the right of Chairman Mao.
0 people like this.

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