Capitalism is a neutral concept, it can be used for good, or it can be used for evil.
When it is used for good, there is no other economic system that can touch it. But in the hands of evil men, it can be the worst.
“When it is used for good, there is no other economic system that can touch it. But in the hands of evil men, it can be the worst.”
IMO capitalism is always good. The consumer doesn’t have to buy a company’s product if they don’t like the way they conduct business.
CRONY capitalism is what happens when the government gets into business with corporations under the guise of “regulation.” When that happens, the consumer no longer has the power to boycott effectively.
You’re right. In some ways, Obama practices a type of capitalism. It’s crony capitalism, so there are bad types of capitalism.