▲ | fsckboy 5 days ago | |||||||||||||||||||||||||
price discovery through invisible hand, competitive markets are the the opposite of communism. crony capitalist monopolies are more like fascism vs communism | ||||||||||||||||||||||||||
▲ | dragonwriter 5 days ago | parent [-] | |||||||||||||||||||||||||
“Crony capitalist monopolies” are a prominent feature of the real world system for which socialist critics coined the name “capitalism”. They do have a lot to do with “Communism” if by that you mean Leninism and its derivatives, all of which are state-capitalist systems in practice (in theory as a transitional developmental phase to socialism, but few ever transitioned out except a few like China that transitioned to something like the fascist form of corporatism, which is in many ways, as an economic system divorced from the rest of fascism, a midway point between private capitalism and state capitalism.) | ||||||||||||||||||||||||||
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