Once upon a time, corporations sought advantage by championing right-leaning politics. Now they seek advantage by championing left-leaning politics. The reason for this is that lobbying governments has become less effective than lobbying the general public.
Precisely, which is why the West can no longer be considered to have pure capitalist (laissez-faire) markets.
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So that point needs to be added to every instance of using the word 'capitalism' wouldn't you say? Praps a new term is needed.
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Most of today's markets are mixed economies. Capitalist generally describes markets that are predominantly private sector. Socialist describes markets that are predominantly public sector. For pure capitalist markets, we can use laissez-faire.
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