BrotherJohn + Jeff Nielson- Capitalism Vs Crony Capitalism

Very good discussion!
I think both of you are “right”. I agree with BrotherJohnl in capitalism the government SHOULD insure the free markets and competition, that would be the ideal, but as there are always human beings in government there will always be those who are open to lobbyists, bribery, who do not care to take some kind of advantage by enabling corporations to grow to monopolists or ogligarchists.Defending the ideal is hard on the long term. So considering that Nielson is also right when he says that capitalism leads to what we have today. Its in the mixture of economic models and human nature…

Very interesting discussion. I am however concerned that resource depletion, particularly peak cheap oil, never seems to be considered in these discussions. You guys debate whether government or capitalism enables the corruption, however please consider the fact that this current system actually worked like nothing the world has ever seen before when oil was almost free, like $1.63/barrel right after WW2. You guys gotta stop ignoring energy when you discuss economic topics.