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ID:ryJrm/6A No.2086053 View ViewReplyOriginalReport
Capitalism and Communism are Polar opposites.

Capitalism
>Private Ownership
>Freedom to make your own decisions, even if they are bad.
>Allocates needs and wants using resources effectively
>Greed is the reason to serve the public's needs and wants and the need to innovate to do so.
>Caring about your own private property and maintaining it.
>Merit over Equality

Communism
>Public Ownership
>Collective decides what you do, regardless of what you think, with addition of decision making lag
>Ignores economics all together
>All ambitions to better our selves are lost, and we must help each other before we can help our selves.
>Not caring about your assigned personal property, because it is not yours.
>Equality over Merit

And frankly to make crony capitalism distinctly different you need a few things.
>Government that controls the market in some form (Socialist or Fascist will do)
>Have firms be able to manipulate the decision making process of the government. (Bribing Congress)
>Government willing to give in and pass policy to benefit your business, agenda, or hurt your competition.

Here are a few traits of Corporatism
>Private Ownership
>Limited Freedom to make your own decisions, as long as they do not compete too much with an existing firm.
>Allocates the needs and wants of the firms through the market and transfer payments (corporate welfare)
>Greed no longer serves public interest, rather the interest of the firm and lobbyist.
>Wealth Inequality begins rapidly expanding.
>Private Property now extends to ideas, that now are legally exclusive to an individual or firm.
>Connections over Merit

Corporatism is not capitalism, nor is it communism. It is a mixed system, that breeds corruption and makes owning the government and people the end game for the wealthiest of individuals.

Any of you willing to refute this or add to it?