Quote from piezoe:
It seems you may have made a mistake and drawn some illogical conclusions. I agree, for the most part, with your appraisal of the current state of the capitalist economy in the U.S., but were I believe you went wrong was to claim that laissez-faire capitalism is good for the little guy!
You can be forgiven, however, because it is a very common mistake to confuse free enterprise, a laissez-faire economic climate, and capitalism. Capitalism by itself is simply an economic system were capital and the means of production are in private hands. The U.S., more than any other large nation, has perfected capitalism. Capitalism can exist either in an atmosphere of free enterprise or with limited free enterprise. In the latter case, capitalism naturally tends to move to what today many are calling corporatism. Others have termed this state of affairs, where those that control large amounts of capital, often in a corporate structure, and use this capital to influence government, as a type of corporate fascism.
My main point is that in actual practice "free enterprise" is the opposite of capitalism. Capitalists, if allowed to under a laissez-faire government, will inevitably drift toward monopolies and cartels, and eventually through their financial power actually succeed in turning governmental action to their own interests. This is the current state of affairs in the U.S. that you alluded to. Capitalists, in practice are reviled by the very idea of free enterprise, though of course they nearly always profess in public to be in favor of it.
A laissez-faire government is not good for the "little guy" because such a government will allow capitalists to run rough shod over labor, as in fact happened during the industrial revolution.
The propensity of capitalism to drift to "corporatism" must be contained by government if free enterprise is to survive other than in name only. That's what's best for the little guy.