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Cake day: August 2nd, 2024
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MrMetaKopos@slrpnk.netto
No Stupid Questions@lemmy.world•How does capitalism differ from crony capitalism?English
2·15 days agoCapitalism, (needlessly) increases competition for resources, access to markets, and even results in fierce competition over abstract things.
Because there is an increased competition for resources, resource hoarding increases as well. Managed release of those resources along with who deserves access to those resources is a political endeavor. Not at the level of the state, but when you end up having a laissiz-faire system, there is no state to prevent hoarding of necessities. And now a situation can emerge where one company hoards a necessary resource and manages its release to some and not others. They will have become the state.


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