Combatting Oxymoronic "Varieties" of Capitalism with Richard Salsman
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Combatting Oxymoronic "Varieties" of Capitalism with Richard Salsman
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Join Atlas Society Senior Scholar Richard Salsman, Ph.D., for the 324th episode of Objectively Speaking, in which he cuts through the confusing labels attached to capitalism, from "crony," "stakeholder," and "state capitalism."
The concept “capitalism” is bandied about these days without clear definition. As such, it’s frequently and arbitrarily hybridized, with examples including “crony capitalism,” “welfare capitalism,” “anarcho-capitalism,” laissez-faire capitalism,” “conscious capitalism,” “common-good capitalism,” “democratic capitalism,” “political capitalism,” “stakeholder capitalism,” “racial capitalism,” and even such brazen oxymorons as “state capitalism” and “totalitarian capitalism.” Rarely does anyone defend the ideal social system: constitutional capitalism. Dr. Salsman explains how the “varieties” approach generates a diverse menu of critiques of capitalism, why the system is undermined by the mass-equivocation permitted by a multiplicity of false precision, and suggests ways to combat it.