I see the opposite, ie, it's what happens when government gets too much control over capitalism.
It's more than excessive regulation & taxation....it's the threat of more which allows politicians to fleece us for 'donations'.
I don't believe in dealing with crooks by cracking down on their victims.
Yes, but they're all cut from the same piece of cloth. The top leaders in government and business wear different hats at different points in their career, moving from public sector to private sector and back again with ease. They're all heavily pro-capitalist/pro-mafia themselves. You're trying to paint "capitalists" and "politicians" as if they come from completely different worlds, but that's not the case at all.
Also, I think you're overstating the notion that regulation and taxation are "excessive." Compared to Western Europe and Japan, our regulations and taxes are pretty tame here in America, yet they have higher standards of living than we have - even though their countries are much smaller and have fewer resources than we do. How do you explain that?
Even comparing states within the United States, the so-called "blue states" with heavier regulations and taxes have a better standard of living than those states which believe in reducing regulation and taxes as an incentive for business. New York is such a liberal bastion, replete with all kinds of taxes and regulations, yet Wall Street and all these corporations still remain there. Why haven't they moved to Texas yet? Or even Arizona? Many of our state politicians make arguments similar to you, that there's too much taxation and regulation from government acting as a disincentive to business and economic growth. And yet, they still can't seem to get anywhere.
I'll take free markets over wage & price controls any day.
It's much more efficient & fair resource allocation.
I don't agree. Wage and price controls bring about stability to an economy when it is badly needed, such as during WW2.
Rent control is an utter failure because political corruption rules, & because it cannot apply to new housing (which no one would build were it there).
Who says it can't apply to new housing? There are ways of dealing with political corruption, if only our society would develop the backbone to do it.
Your proposals only work for people with a different value system....eg, Soviets, N Koreans, Maoists.
Now yer entering 2nd Amendment territory.
Not really. The Soviets and Maoists faced completely different circumstances and had to impose certain policies out of necessity. My proposals are quite moderate by comparison.
I don't know what the Second Amendment has to do with anything.
Note:
My town some years ago tried to implement rent control. The ordinance was so draconian that the state enacted legislation banning rent control in the entire state. The city wanted to roll back rents to an earlier unprofitable level, & impose a massive bureaucracy upon landlords. This is essentially an unconstitutional taking under the 5th Amendment. We noble capitalists (freedom fighters) beat back the commie attack.
Who says that housing needs to be "profitable" anyway? It's a necessity of life, just like police and fire departments. Does anyone complain that the police and fire departments are "unprofitable"? No, but we pay for it because it's a necessity. Even your point about drive and innovation doesn't hold up here, since where is there any innovation in collecting money on older housing built generations ago? The "profit" is merely a demand that people should pay more for the same thing that people paid less for generations ago. It's more a form of mafia tribute than any kind of legitimate service at a fair price. Capitalists are not unlike "pretty princesses" who think "they deserve it because they're so wonderful." "I'm worth it." But that's part of the illusion. When you actually look at the figures and see it in terms of dollars and cents, they're overpriced and overpaid.
Sure, in a mobbed-up state like Michigan, I imagine capitalists can get together and bribe state politicians and cause local ordinances to be overturned. Michigan is an example of what happens when capitalism gets out of control. (*cough* Detroit *cough*)
BTW, there are/were no real "commies" in America, other than the ones which existed in the imaginations of Joe McCarthy and his ilk. The whole "communist conspiracy" angle has always been overstated and exaggerated. Excessive fear of communism and socialism has done far more harm to this country than the ideologies themselves.
I know someone quite wealthy who lives in LA, but has a rent controlled apartment in NYC. She leaves the apartment vacant, but keeps it for the occasional visit there. It's so cheap that she can afford to do this. But when my daughter moved to NYC last year, there were no cheap rent controlled apartments.
Remember what Peter Parker's Uncle Ben told him.....
With great power comes great abuse & corruption.
Keep your government on a short leash.
This also means keeping capitalists on an even shorter leash. And the leash has to be controlled by the people, not by capitalists.