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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by hellojesus on Tuesday March 14, 2023 @06:22PM (#35159905)
Yes, but we're disagreeing about the specific meaning of words. Capitalism describes an economy where capital is the mechanism through which goods and services are allocated. It is not the partnership of public and private entities, as you suggest. That would be crony capitalism.

https://www.merriam-webster.com/dictionary/crony%20capitalis...

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Re:Joint Statement by the Department of the Treasury, Federa... by CapstanRoller on Wednesday March 15, 2023 @04:49AM (#35165551)
That page describes how "crony capitalism" is used colloquially. Dictionaries are not a great source for determining canonical meaning of complex political terminology.

I argue that usage of the term "crony capitalism" is itself a form of capitalist ideology.

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Re:Joint Statement by the Department of the Treasury, Federa... by bumby on Wednesday March 15, 2023 @08:27AM (#35167201)
Dictionaries are not a great source for determining canonical meaning of complex political terminology.

Yet a Marxist site is used as an unbiased source. Oh, the irony.

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by CapstanRoller on Wednesday March 15, 2023 @02:31PM (#35172653)
>Yet a Marxist site is used as an unbiased source.

You're welcome to present a capitalist site as a source for the definition you prefer, and I'd be happy to discuss that.

Just don't use a dictionary, please! It's the wrong tool for the job here, regardless of political leanings.

[ Parent | on HN ]