I think that Keith Weiner puts the words here to the frustration felt by many of us when the monetary and regulatory machinations of our governments and their central banks are described as capitalism.
Dear Mr. Taft:
I eagerly read your piece Warriors for Opportunity on Wednesday, as I often do about pieces that argue that capitalism is not working today. You begin by saying:
“Financial capitalism – free markets powered by a robust financial system – is the dominant economic model in the world today. Yet many who have benefited from the system agree it’s not working the way it ought to.”
Leaving aside that our financial system is not robust—the interest rate is collapsing, and the debt is growing exponentially—we do not have capitalism. We have licensure of most professions, and regulation of nearly every productive activity. We have government-owned roads, airports, harbors, radio spectrum, trains, and schools. This last item is Plank #10 from the Communist Manifesto. We have a vast array of subsidies, both corporate and consumer. And of course massive taxes to pay for it all. This year tax freedom day was April 16—over one quarter of the year is spent working just for the government.
Read it all here