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by Spivak
847 days ago
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I'm not really pointing the finger at anyone. Capitalism is both a political and economic system that needs government to exist and, among other things, enforce property rights and create the conditions for a free market. And capitalist theory has to resolve the problem of governments needing to do things but with the fundamental belief that if they do them themselves it will produce worse outcomes than if private enterprise did them. So a capitalist government says, "Okay since I know what I need done I will go out into the market and contract someone." This is the RFP process, bidding for government contracts, and public-private partnerships. Obviously individual instances will work out better or worse but if you trust the process you should want the government to outsource the work. |
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https://www.thoughtco.com/socialism-vs-capitalism-4768969
The US is a mixture of capitalist and socialist system with distinguishing Liberal attributes.