I whole heartedly disagree. This is exactly what capitalism was designed to do. This is a prime example of late stage capitalism.
If this wasn’t how it was supposed to be then why have economists been predicting these inevitabilities FOR DECADES!
Capitalism has always relied on certain people having capital, and using the rest of society to produce said capital, or even better use the rest of society as their capital.
Don’t fool yourself into believing this isn’t exactly what capitalism has always been bud.
I think there is a nuance between being designed to do sobering and being so badly designed that it does something. I don’t think it was intentional for the system to hoard wealth among few people. I think the desire was to have open competition among many. However it’s so poorly designed, implemented, corrupted, etc… that wealth hoarding becomes the inevitable outcome.
I whole heartedly disagree. This is exactly what capitalism was designed to do. This is a prime example of late stage capitalism.
If this wasn’t how it was supposed to be then why have economists been predicting these inevitabilities FOR DECADES!
Capitalism has always relied on certain people having capital, and using the rest of society to produce said capital, or even better use the rest of society as their capital.
Don’t fool yourself into believing this isn’t exactly what capitalism has always been bud.
I think there is a nuance between being designed to do sobering and being so badly designed that it does something. I don’t think it was intentional for the system to hoard wealth among few people. I think the desire was to have open competition among many. However it’s so poorly designed, implemented, corrupted, etc… that wealth hoarding becomes the inevitable outcome.