this post was submitted on 28 Jun 2025
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It's still called capitalism, but in reality it's drifted way off course. What we've got now looks more like a corporate oligarchy. The free market only applies to small players, big banks and mega-corps get bailouts, write policy through lobbyists, and face no real consequences for failure. It's capitalism in name, but the rules are rigged. Real capitalism doesn't have a reset button for the rich and a bootstraps lecture for everyone else.
This is real capitalism. Real capitalism does not work
I mean it does. At least as far as it can. I live in America. And aside from the shit we're going through right now and the myriad of issues that we have as a country and society our standard if living is very hight. Not the highest of course but very high never the less. That standard is made possible in large by capitalism.
I believe Rand called it reasonable self interest, not every billionaire is an oligarch, not every rich person wants to rent out a god dammed city for their wedding like some cartoonish villian.
Penn Jillette said that he believes most people are good and I believe that applies to the rich as well.
Corporate oligarchy can be argued as a natural out come if capitalism run rampant I agree. But to equate the two as the same... They're just not.
High? Sure. But not sustainable. Far from sustainable. Capitalism is great for short term. But we can't live with just short term.
You don't become a billionaire by not being one