Why do people think we have Capitalism in the United States?
We have Corporatism not Capitalism. We have government taking over corporations, corporate welfare, too big to fail, government benefits to corporations, lobbying, and the whole Fanny Mae and Freddie Mac fiasco is a perfect example of how government intervention of the free market leads to catastrophe (and in this case, collapse of the housing market). We also have the Federal Reserve printing money right and left even though it is unconstitutional. The constitution says we should have a gold standard, that's not monopolized and controlled by the government. The Federal Reserve will be the cause of the collapse of the dollar. Inflation makes your salary and savings all worthless and decreases your living conditions. Now I'm 14 and even I understand we don't have capitalism in the United States (ever since 1913) but idiots like Micheal Moore think we do. romare- I would probably agree with him on alot but he titles his movie "capitalism: a love story"
Asked By: One Fine Looking Pussy - 8/13/2010
Best Answer - Chosen by Asker
This detailed "question" is a bit skewed and, as such, partially inaccurate on several key points. The Fannie Mae and Freddie Mac debaucle was caused, in part, by DEREGULATION from the GOP. This LACK of government oversight and consumer protections both allowed and even ENCOURAGED corruption that began causing... More
Answered By: Armchair Goddess #1 - 8/13/2010
Additional Answers (3)
Because people are ignorant. The same people that throw around socialism, communism, Marxism are the same ignorant people who don't even know we've lost Capitalism. They just do what their masters say, Fox News and Republican politicians.
Answered By: DontStealTheGovHatesCompetition - 8/13/2010
I'm not sure where you got this idea about Michael Moore, as I'm pretty sure he would agraee with you.
Answered By: г๏๓คгє - 8/13/2010
Since true Capitalism evolved into this current Corpratistic form slowly over time without anybody really coming up with a new term to describe it, the name simply stuck... More
Answered By: LeonKrahe - 8/13/2010
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