Capitalist capture of government institutions isn’t a bug of capitalism, it’s a feature. The ability to command vast amounts of productive resources enables capitalists to exert political influence.
Whatever clever policies we could come up with are irrelevant as long as those in power are the ones who stand to gain the most by resisting change.
There isn’t a way this works out in our favor. Even in countries with capitalism + social safety nets, we see that overtime the capitalists slowly erode public gains through privatization.
Capitalist capture of government institutions isn’t a bug of capitalism, it’s a feature. The ability to command vast amounts of productive resources enables capitalists to exert political influence.
Whatever clever policies we could come up with are irrelevant as long as those in power are the ones who stand to gain the most by resisting change.
There isn’t a way this works out in our favor. Even in countries with capitalism + social safety nets, we see that overtime the capitalists slowly erode public gains through privatization.