Comment Re:Then they preach to the world about capitalism (Score 5, Interesting) 306
That definition turns ugly repeatedly so often that the government has to get involved to stop the excesses (company stores, interlocking trusts, monopoly pricing, collusion, vertical market lock).
The bad thing here is that the government was subverted by business and is no longer acting as a check and balance.
A "free market" works for small businesses but not for large multi-national corporations and not even really for simply "large" corporations. It's sort of like how libertarianism can work under a strong government but fails badly when you have a weak government and very powerful people who use that power to abuse weaker people.
There's also a "moral" component which makes capitalism work and be beneficial and that's eroded a lot since 1980.