Russian authorities have confiscated assets worth 550 billion rubles ($7.59 billion) linked to jailed billionaire Vadim Moshkovich and transferred them to state ownership, the Interior Ministry said Thursday, in what appears to be the largest asset seizure of Russia's recent wave of nationalizations.
Except capitalists. Each of them wants to be a monopolist.
The monopolies, that is Capitalism. Free markets with competition is not Capitalism because then people with capital don’t have much power.
You can see it that way, but most billionaires we have today aren’t monopolitsts but are completely beyond the reach of the law and buy out governments.
you’re conflating capitalism with plutocracy.
And yeah, capitalism will lead to plutocracy if left unchecked, but they’re not the same thing.
But is it Capitalism if it is checked? If something stands above capitalism and controls it, then that is the governing philosophy and deserves the -ism, not capital.
capitalism isn’t a form of governance it’s an economic system.
Democracy is a form of governance, so is plutocracy, or monarchy, or aristocracy.
Many different forms of governance can structure their economy using capitalism.
But a capitalist economy will always push the current form government towards plutocracy