The phrase that government should "get out of the way" is a romantic notion that business is over regulated and stifled by the government., but is so non specific as to be a worthless saying.

Get rid of minimum wages? OSHA? The federal regs that mandate that defense contractors buy American made or assembled light fixtures instead of less costly Canadian ones?

Love it or leave it. If you don't like it, get out. Really Ground Loop, anyone can speak in simple platitudes.

Seriously, go live in China if you want to see unrestrained capitalism. It's not as pretty a sight as you might be expecting.

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'99 E300 Turbodiesel, '82 300TD, 1996 12V Cummins Turbo, '94 Neoplan - Detroit 6V92TA

I believe this is the real problem....

__________________
On some nights I still believe that a car with the fuel gauge on empty can run about fifty more miles if you have the right music very loud on the radio. - HST

1983 300SD - 305000
1984 Toyota Landcruiser - 190000
1994 GMC Jimmy - 203000

https://media.giphy.com/media/X3nnss8PAj5aU/giphy.gif

You wouldn't have posted that if you knew what you were talking about.

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The government of China is one of the worst offenders of managing the economy of the country it rules over. This is a well known fact. Even amongst the deep thinkers on this board. Capitalism is specifically a divorce from government managed trade.

Yeah, and the last dozen years it's been managed in a get gov out of the way let business do anything manner. Add easy credit and you have unrestrained capitalism. CPC or not.

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I guess that explains their $1.7 trillion investment in 7 key industries. Now I think you don't understand the word managed either.

Oh, you meant real capitalism, as opposed to the kind we have here in the 'States. That hasn't been seen on this planet for some time.

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'99 E300 Turbodiesel, '82 300TD, 1996 12V Cummins Turbo, '94 Neoplan - Detroit 6V92TA

Sure, but it doesn't change the definition. Centrally managed capitalism or state-capitalism is an oxymoron. Calling fascism capitalism doesn't make it capitalism.

One of the great ironies revealed by the global recession that began in 2008 is that Communist Party–ruled China may be doing a better job managing capitalism's crisis than the democratically elected U.S. government.

Chinese Model: Why China Does Capitalism Better than U.S. - TIME


this part is for ground loop -

Beijing's stimulus spending was larger, infinitely more effective at overcoming the slowdown and directed at laying the infrastructural tracks for further economic expansion.

__________________
On some nights I still believe that a car with the fuel gauge on empty can run about fifty more miles if you have the right music very loud on the radio. - HST

1983 300SD - 305000
1984 Toyota Landcruiser - 190000
1994 GMC Jimmy - 203000

https://media.giphy.com/media/X3nnss8PAj5aU/giphy.gif

It's the only kind that anyone alive has ever seen. And likely the only kind I'll ever see in my lifetime. I guess we can argue about the degree of fascism but instead, let me try and be more clear so we can quit this word game. Go to China right now, and see what (IMO) is what unrestrained capitalism would look like. If you ask me, I think it actually would look and feel a lot worse than China does right now. I've lived there, I can tell you what the air tastes like, how it burns your eyes. I've flown in on a perfectly bright sunny day only to land in a city where the noon sun is a blurry weak yellow spot in a dingy gray sky. I've seen rivers and lakes of every color. You don't drink water that hasn't been boiled, and sometimes you want to pour a film off the top too.

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'99 E300 Turbodiesel, '82 300TD, 1996 12V Cummins Turbo, '94 Neoplan - Detroit 6V92TA

Well, I'm not going to teach you economics. But the good folks at mises.org and lewrockwell.com have plenty of insight to offer.

That much is obvious.

from your own sources....

If we are to keep the term "capitalism" at all, then, we must distinguish between "free-market capitalism" on the one hand, and "state capitalism" on the other.
Capitalism versus Statism - Murray N. Rothbard - Mises Daily ....from 09

Welcome to Capitalist China - Jude Blanchette - Mises Daily ....way back in 01

The Rise of Red Capitalism by Jim Rogers

They make a pretty good case for considering China to be capitalist, despite the shortcomings of their respective sites.

__________________
On some nights I still believe that a car with the fuel gauge on empty can run about fifty more miles if you have the right music very loud on the radio. - HST

1983 300SD - 305000
1984 Toyota Landcruiser - 190000
1994 GMC Jimmy - 203000

https://media.giphy.com/media/X3nnss8PAj5aU/giphy.gif

I know all about mises and lewrockwell, and I don't need you to 'teach' me economics. You could tell me why you think two websites where Austrian economics are commonly favored are relevant to any arguments about our current economic system. We weren't discussing the relative merits of Keynes' theories, were we?

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'99 E300 Turbodiesel, '82 300TD, 1996 12V Cummins Turbo, '94 Neoplan - Detroit 6V92TA