Microblog Memes

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A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

Rules:

Please put at least one word relevant to the post in the post title.
Be nice.
No advertising, brand promotion or guerilla marketing.
Posters are encouraged to link to the toot or tweet etc in the description of posts.

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founded 2 years ago

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both pretty extreme (lemmy.blahaj.zone)

submitted 3 days ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 3 days ago* (last edited 3 days ago)

Fascism is not the same as capitalism. For capitalism to work properly, it is required that market power is minimized and that companies cannot influence politics. The fact that they have been able to do so is not capitalism.

Milton Friedman – In Capitalism and Freedom (1962), he argues that government intervention should be minimal and that businesses should focus on profit rather than lobbying for special advantages. While he doesn’t explicitly state that capitalism requires private companies to stay out of politics, he warns against corporate influence leading to cronyism.

Adam Smith – In The Wealth of Nations (1776), he warns against “the merchants and manufacturers” using their influence to gain monopolies and special privileges, which distort free competition. He emphasizes that capitalism works best when businesses do not manipulate laws in their favor.

James Buchanan (Public Choice Theory) – Buchanan and other public choice theorists (like Gordon Tullock) argue that when businesses influence politics, they engage in rent-seeking, which distorts market efficiency. They emphasize that government should limit corporate lobbying to prevent economic inefficiencies.

Luigi Zingales – A more recent economist, Zingales argues in A Capitalism for the People (2012) that corporate political influence undermines free markets and leads to a system of “crony capitalism,” where economic power translates into political power.