this post was submitted on 19 Jul 2024
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Properly regulated capitalism breaks up monopolies so new players can enter the market. What you're seeing is dysfunctional capitalism - an economy of monopolies.
Sorry no, capitalism is working exactly as intended. Concentration of wealth breaks regulation with unlimited political donations.
You call it unregulated, but that is the natural trend for when the only acceptable goal is the greater accumulation of wealth. There comes a time when that wealth is financially best spent buying politicians.
Until there are inherent mechanisms within capitalism to prevent special interest money from pushing policy and direct regulatory capture, capitalism will ALWAYS trend to deregulation.
Yes...obviously.
And that IS dysfunctional capitalism.
That's exactly what I'm saying, dude.
This is NOT capitalism working as intended. This is broken capitalism. Runaway capitalism. Corrupt capitalism.
Its like saying we just need good kings, no ids a bad system. Any capitalist system will devolve in corruption and monopoly. No regulations can survive the unavailable regulatory capture and corruption.
No system is perfect. All systems require some form of keeping power from accruing to the few.
Yes, very insightful.