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Laughing ICE Goons Seize Dad Who Fled Ukraine War at Walmart
(www.thedailybeast.com)
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this post was submitted on 13 Feb 2026
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Capitalism is simply private ownership of the means of production. That's literally the only defining attribute. Theoretically capitalism works best with complete market freedom, but since that inevitably leads to monopoly, the most successful capitalist nations have always had a strong regulatory state to prevent the ruling class from destroying the world in their greed-fueled feeding frenzies.
Yes, key characteristics include profit motive and competitive markets driving economic exchange. You and Milton Friedman bot acknowledge it needs strong regulatory guardrails and income redistribution to prevent the capitalists from taking over the government/world. Citizens united (2010). So back to my argument of 'no capitalist, kleptocracy'. We barely have a functioning government to enforce ownership and they are stealing everything they can. It's a kleptocracy. or as I like to call it 7 monopolies in a trench coat. trump just took 10% of Intel because he could. The capitalist is the government, the government is the capitalist, we no longer have competitive markets, people no longer work for profit they work to not starve. Capitalism is dead. Long live what ever this shit is.
Kleptocracy, as you call it, is literally just capitalism functioning as intended. Since the end of feudalism there has never been separation between capitalist and government, because they've always had control of the means of production, hence control over the economy, hence control over whoever the fuck they want. There have been some few times in history where workers were able to secure rights for themselves in exchange for not fully going revolution, but in between those times, capitalists have always tried to crawl back those rights and secure even more for themselves, and they do it legally, by owning the media and the politicians. This is basic political-economy theory stuff, not some Milton Friedman Neo-capitalist apologia bullshit. Literally none of his ideas have led to the betterment of societies, can't we just abandon Chicago school of economics already?
Nothing had gotten better since when now? Like nothing at all in humanity has improved since what year?
I did not say that nothing has improved, I said that none of Friedman's ideas have been the cause of improvement. In fact, many of them have been a great hindrance to the global betterment of humanity.