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by curt
4761 days ago
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China is an oligarchy or crony capitalist country. The wealthy and powerful use the government to get what they want. In a true free-market system you can't use the government to destroy the competition and make yourself money. This is the problem with the US today, we've given so much power to the central government that we've created a drastically distorted market. |
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The US has that - look at the telecom companies. I'm sure there's many more prime examples, but Companies do indeed use the government, at least to help them make money, by stopping competition, getting bailouts and grants for things like infrastructure and just pocketing the money and sticking us with higher costs and no improvements on our service.