Late stage capitalism has now created mega corporations that no longer profit off their innovation and quality, but merely off manipulation and exploitation of their mind-boggling amounts of capital. They now must crush all competition using authoritarian means because competition is now their biggest weakness.
Capitalism is well and truely dead, and corporations and conservatives are the ones who killed it. They want to remove the ladder of success that got them there.
Capitalism, instead of Adam Smith definition, becomes supremacy of capital. Corporatism is actually more prominent than “shareholder rights/supremacy”. At any rate, Adam Smith said free markets where fair markets that resulted in perfect competition. Free competition sucks for oligarchs, because corrupt markets are more profitable.
Late stage capitalism has now created mega corporations that no longer profit off their innovation and quality, but merely off manipulation and exploitation of their mind-boggling amounts of capital. They now must crush all competition using authoritarian means because competition is now their biggest weakness.
Capitalism is well and truely dead, and corporations and conservatives are the ones who killed it. They want to remove the ladder of success that got them there.
Capitalism has never been healthier. This IS Capitalism, not an anomaly.
Can’t have a corporate oligarchy without capitalism.
You must not have read the wealth of nations
Capitalism, instead of Adam Smith definition, becomes supremacy of capital. Corporatism is actually more prominent than “shareholder rights/supremacy”. At any rate, Adam Smith said free markets where fair markets that resulted in perfect competition. Free competition sucks for oligarchs, because corrupt markets are more profitable.