Whatever is left of capitalism usually suffers some sort of pollution by governmental bodies. Yet, this quasi-capitalism is blamed for most of the world’s ills. Governments are rarely called to account. From Max Borders at aier.org:
Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all. – John Maynard Keynes
An economic crisis looms. When the brown matter hits the proverbial fan, the blue-check commentariat will blame “capitalism.” So we have to remain vigilant.
In fact, they’ve already started.
I use scare quotes because so few clearly define what “capitalism” is, and fewer still know how it works. Particularly when they use the F word.
As with neoliberalism, “capitalism” is more or less a smear used by those who hate that which they neither understand nor have a hand in creating. Ignorance as a rhetorical strategy works mainly because the masses have become more credulous and ignorant with each passing year. Critics simply have to indicate some socio-economic phenomenon they don’t like and blame the c-word.
STRAIGHT LINE LOGIC 