[Dragaera] Not tried capitalism

[Steve Rapaport]

Does 19th Century American (pre anti-trust and labor laws) not count as
pretty pure capitalism, tried and true?   Need a referesher about how it
worked?  Try http://en.wikipedia.org/wiki/Robber_baron_(industrialist)

On 2 June 2013 23:11, Howard Brazee <howard at brazee.net> wrote:

>
> On Jun 2, 2013, at 8:58 AM, Konrad Gaertner <kgaertner at tx.rr.com> wrote:
>
> >> Croneyism is not capitalism.    The U.S. medical establishment is
> >> nowhere near capitalism, when the consumer doesn't know the prices
> >> up front, and his insurance company argues prices down much lower
> >> than he could.    Stockholders have virtually no say.
> >
> > Are informed consumers actually a part of capitalism?  I know
> > capitalists claim so, but at the same time they're doing everythig
> > they can to manipulate and mislead us.  But I'm happy to be called a
> > socialist.
>
>
> Somewhat.    That's how the invisible hand works.   And certainly owners
> being in charge is part of capitalism, and CEOs who do well get rewarded
> and CEOs that do poorly don't.
>
> I'm watching this now:
>
>
> http://www.salon.com/2013/06/02/top_5_investigative_videos_of_the_week_poverty_is_what_makes_the_rich_rich_partner/
>
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