Current events 2/14/11

There is no such thing as state capitalism. Capitalism that is true capitalism relies on the broadest number of people having access to the ability to gain and create capital. State control is the opposite of this idea. Therefore there can be no such thing as state capitalism. Whenever the government enters a market it is like the largest business in the world seeking to establish a monopoly. And it is well known that monopolies create inferior products and service. After all if you only have one choice for the product or service why does its provider have any incentive to provide superior products or services?
© 2011 Vic Jones