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Stark reminder (lemmy.world)
submitted 1 year ago by to c/rareinsults@lemmy.world
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[–] 0 points 1 year ago (4 children)

I don't know if they embraced capitalism yet as they were still under imperialist rule in the 1900's.

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  • [–] 7 points 1 year ago* (3 children)

    Despite the claims of American high-school propaganda, capitalism is not synonymous with democracy.

    You can have a capitalist economic system under an imperialist government, the most despotic of dictatorships, a facsist government, under a corporate government or even a failing government.

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  • [–] 0 points 1 year ago (2 children)

    Of course, but it isn't common. Most of those government types tend to exert pretty tight control over the economy.

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  • [–] 5 points 1 year ago (1 child)

    There's no such thing as a free market economy.

    One has never existed and one could never exist. In fact, the idea that a free and fair (uncontrolled) market could exist is more utopian than anything you'll hear from any socialist.

    The wealthiest in the world fo exactly the same thing. They just don't do it openly, in the way you would find under a traditional dictatorship.

    More so, free market capitalism (even though it couldn't exist) is only one type of capitalism. So, it's far from rare but the industry standard for dictatorships, oligarchies and despots.

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