Comment Re:Capitalism wins again. (Score 1) 207
state-protected monopoly may maximize revenue even more, but obviously it is the opposite of capitalism.
Capitalism has 4 main features:
private ownership of production "means",
pursuing profit maximalisation,
gains as main driver to invest/reinvest, and finally
prices determined by game of supply and demand on free market.
So large aprt of US economy is not capitalist anymore - with corporates buying themselves politicians and regulations preventing market access - this is no longer a free market, thus not a capitalism. Could go as "degenerated capitalism".