• Corporatism vs. Capitalism

  • Dec 21 2021
  • Length: 28 mins
  • Podcast
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Corporatism vs. Capitalism

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  • Summary

  • 00:45 - Today we're going to discuss corporatism vs. capitalism.

    05:04 - Small businesses operate in a free market. That's real capitalism. But large corporations often do not, because they can bend rules and policy in their favor.

    09:00 - 20% of the US economy no longer has a free market. It's healthcare.

    14:02 - It used to be the majority of doctors were sole proprietors. Now, over 90% of doctors are employees of major healthcare companies. 

    20:17 - The only people who pay full price for medicine are people who don't have insurance. Generally, the lowest-income people.

    25:34 - The free market isn't roaring anymore, because Government got in the way, and giant corporations are dancing along with them. 

    26:08 - Follow the example of Ludwig Erhard, who forbade companies from talking/lobbying with government officials. It forced separation of the economy from politicians.

    27:22 - Summary - Open up the free market. It's the most fair, equitable system...but corporatism is not.

     

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