Corporatism, Rent-Seeking, and the Suffering Consumer Julia Cartwright Julia Cartwright discusses how younger consumers view capitalism negatively due to suffering from corporate practices, distinguishing between capitalism (fine) and corporatism (not fin

Corporatism, Rent-Seeking, and the Suffering Consumer Julia Cartwright

Julia Cartwright discusses how younger consumers view capitalism negatively due to suffering from corporate practices, distinguishing between capitalism (fine) and corporatism (not fine). Corporatism is the entanglement of government and business, often through rent-seeking (investing in politics for favors, like lobbying). Examples include healthcare lobbying, increased airline flights for officials, and regulatory capture (like the CHIPS and Science Act favoring big tech).

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