455
Remember, the social Democrats sided with the Nazis over the socialists. They’ve done it every time they’ve been given the opportunity, and will continue to do so as many times as people fall for their shtick.
“The master's tools will never dismantle the master's house."
-Audre Lorde
Under TRUE capitalism the market is free but regulated as needed.
We don't live in real capitalism, there is no regulation, the oligarchy has captured the agencies that were supposed to regulate the market.
I don't even know what to call what we have, plutocracy?
True capitalism is what we live in. Competition has winners, those winners gain outsized advantages. They use those advantages to purchase regulatory frameworks which benefit them. This is inevitable, and has happened in every single capitalist society in the history of the ideology. Monopoly is the natural end state of capitalism. (Actually, fascism is, but monopoly happens along the way also)
I found this interesting tidbit in Wikipedia trying to find where I read my source.
Capitalism 1.0 during the 19th century entailed largely unregulated markets with a minimal role for the state (aside from national defense, and protecting property rights)
Capitalism 2.0 during the post-World War II years entailed Keynesianism, a substantial role for the state in regulating markets, and strong welfare states
Capitalism 2.1 entailed a combination of unregulated markets, globalization, and various national obligations by states
You're right ... It sounds like we need another paradigm shift. Fuck web 3 ... we need Capitalism 3 ...
Or how about we just stop using capitalism?
If version 1.0 didn't work, version 2.0 didn't work and version 2.1 didn't work, then maybe the problem is capitalism itself.