alt Hacker News> but after Brockman had donated 25M to Trump’s PAC
> In capitalism, the market decides.
> In oligarchy, connections and donations decide.
Author is confused about what Capitalism is. It worked exactly as expected, Capital used itself to advance it's own needs - maximizing (own) growth.
Capitalism is not about markets, it's about Capital.
There is a reason why lobbying is an accepted practice in one of the most Capitalistic countries in the world, and generally forbidden in Socialist EU.
Replies
NicuCalcea • today at 6:33 PM
> generally forbidden in Socialist EU
This is one of those cases where you wish your critics were right. One in 40 people in Brussels is a lobbyist, but apparently it's forbidden.
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Which prominent economist has argued that bribes are an essential part of Capitalism?