Capitalism defeated Communism? More like de facto socialism defeated Russian imperialism. Here’s why.
Billionaires aren’t winners of an actual free market. Their companies (eg Microsoft, Amazon, Facebook, Berkshire Hathaway, et al) are price-setting, not price-taking, monopolies, monopsonies and oligopolies. Investors don’t want to invest in companies with competition. […]
What free market? As the US debates “socialism” and “capitalism”, it’s important to remember that government has been a large part of the American economy for generations. Consider data from the last 70 years […]