Do We Really Live Under Capitalism?

One of the most common objections to critiques of capitalism is "we don t have real capitalism, we have corporatism" or "crony capitalism" or even "techno-feudalism." These claims are often well-intentioned, but they miss the point. Let s talk about capitalism, corporatism, and cronyism. Do We Really Live Under Capitalism?– Second Thought SUBSCRIBE HERE: http://bit.ly/2nFsvTS New video every Friday! Citations and Further Reading: Two definitions of corporatism https://www.sciencedirect.com/topics/social-sciences/corporatism https://www.jstor.org/stable/20630041 Wikipedia crony capitalism https://en.wikipedia.org/wiki/Crony_capitalism Meta and Google mergers & acquisitions https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Meta_Platforms https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Alphabet Wal-Mart https://corporate.walmart.com/about/history http://www.slate.com/articles/business/moneybox/2014/04/walmart_employees_on_food_stamps_their_wages_aren_t_enough_to_get_by.html On the necessity of the state for capitalism https://www.econstor.eu/bitstream/10419/157973/1/bna-259_20090522_nb_casp_full_indexed.pdf Monopolies in free market systems https://www.marxist.com/monopoly-capitalism.htm Libertarian utopias https://www.jstor.org/stable/10.5325/utopianstudies.23.1.0238 Other videos on the same topic https://youtu.be/luB9VUsXRs8 https://youtu.be/ggID6X4S9r0 Follow and Support Second Thought! Twitter: https://twitter.com/_SecondThought Patreon: https://patreon.com/secondthought BuyMeACoffee: https://www.buymeacoffee.com/secondthought CashApp: $JTChapman Watch More Second Thought: Latest Uploads: https://www.youtube.com/playlist?list=PL6SJktA-ecJR_Fq2hhYVEFS11cf1YzG27 Spaaaaaace!: https://www.youtube.com/playlist?list=PL6SJktA-ecJQRpqT-hMTTFx8A6VVH3m6v What If...: https://www.youtube.com/playlist?list=PL6SJktA-ecJRI7VrWf_-mT0z6lrN--Cvi Popular Videos: https://www.youtube.com/playlist?list=PL6SJktA-ecJRx7ZaO9J04Kbob_u5baHxN About Second Thought: Second Thought is a channel devoted to education and analysis of current events from a Leftist perspective. Welcome! Business Email: secondthoughtchannel@gmail.com