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'''"Authoritarian capitalism"''' is a quasi-[[Liberalism|liberal]] and [[Idealism|idealist]] term to defend [[capitalism]]. Much like the concept of [[Authoritarianism|"authoritarianism"]], it is used as a pretext to defend capitalism as a [[Democracy|democratic]] system and a better alternative to socialism. | |||
So, according to the liberal definition, authoritarian capitalism translates to [[fascism]]. However, as under capitalism, a small minority controls the wealth and has concentrated the political power into its hands, capitalism in inherently "authoritarian" and represses the [[Proletariat|working class]]. | |||
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Latest revision as of 20:09, 14 November 2023
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"Authoritarian capitalism" is a quasi-liberal and idealist term to defend capitalism. Much like the concept of "authoritarianism", it is used as a pretext to defend capitalism as a democratic system and a better alternative to socialism.
So, according to the liberal definition, authoritarian capitalism translates to fascism. However, as under capitalism, a small minority controls the wealth and has concentrated the political power into its hands, capitalism in inherently "authoritarian" and represses the working class.