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Replying to Avatar Erik Cason

Marx’s great mistake was thinking that capitalism (as in free market exchange) was responsible for the inherent contradictions in the system of exchange and not seeing how dirigisme (your vocabulary word of the day) was the real culprit.

The creative destruction of capitalism, as Weber pointed out, is evolutionary. With any degree of state intervention, this evolution of capitalism devolves into a form of economic eugenics designed to create an economic depend on the state for all things.

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Mî¢h&|3 Dëgli Ü3ę®tį 1y ago

Dirigisme = state leads private enterprises and capital accumulation

Corporatism = state and large corporations are so in bed together that you cannot distinguish them. (Syn. crony capitalism)

Statism = state owns (many or all) enterprises

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