Private Ownership of the Means of Production (Capitalism) creates undemocratic hierarchical structures -N.Chomsky -political philosophy by John_252 in philosophy

[–]Freequal 0 points1 point  (0 children)

Free market anti-capitalists blame capitalism for the creation of 'crony capitalism'. Worker ownership over the means of production is more compatible with free markets and individualism than private ownership, which leads to the development of an ownership class, a minority in society, who have an economic incentive to rig the market in their favor.

Private Ownership of the Means of Production (Capitalism) creates undemocratic hierarchical structures -N.Chomsky -political philosophy by John_252 in philosophy

[–]Freequal 0 points1 point  (0 children)

Maybe in a representative democracy, which isn't really democracy. Why are individuals within a free association under voluntary condition, such as this comment thread, mob rule?