This article is non-sequitor on multiple levels. They are conflating Free Market Capitalism with the broad term "Capitalism" and then branding Top Down or Crony Capitalism (Either Fascism or Communism in its governmental form) as "Corporatism". It's the age old misnomer of "Capitalism vs Communism"- which is simply incorrect. Communism IS a Capitalist system, it is a matter of WHO controls the Capital.
In this sense what wouldn't be a capitalist system?
Barter I suppose. But even then, someone might need to borrow some honey and nuts to start their own granola brand, so it would be an object based Capital instead of monetary one. I see the misuse of the term Capitalism as one of the many mental roadblocks put up by the Powers That Be to keep people confused and unable to properly articulate ideas. For example, you have these rabid Leftist morons "protesting" Capitalism in favor of Communism- when in fact Communism is actually pure Capitalism that simply excludes the bottom tier of society from opportunity. The fucking retards will never understand this because they have been programmed with faulty language.
I disagree with the OP. Capitalism implies that the capital is in private hands. However, I agree that you can have a capitalist command economy. In other words, the government picks winners which in turn support the state, but the government does not own the capital. I think this is how China does things. They don't have any of this capital sharing nonsense; their corps are owned by individuals and shareholders, but the government doesn't allow a totally free market. Rather, business success is heavily intertwined with control of the government apparatus.
It still seems to come down to property rights. Government can't do anything unless it can violate property rights, e.g. regulations, taxation, money printing (indirectly by forcing people to use government fiat).
The article doesn’t mention communism, it is making the point that multinationals don’t like capitalism because it entails competition which they prefer to avoid.
They are conflating Free Market Capitalism with the broad term "Capitalism"
Okay? Free markets are what most people use the term capitalism to mean. It's pretty much only socialists who use "capitalism" in some special snowflake sense of "when there's a bit of free markets and jewish cronies controlling the rest."
In the latter sense of course you're correct, communism is identical.
Uh I agree that the terms are often conflated. They are two different things, because you can have systems that embrace private ownership but not free markets.
True
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