But of course capitalism breed oligarchs and oligarchy and thus markets were deformed to benefit the oligarchs (and socialise risks while privatising profits).
In my opinion when you start having oligarchs and this amount of wealth inequality, it’s only a symptom that the state is failing to do what was created to do, at-least in theory.
The state should be only a regulator, more like a referee in the market. Currently everywhere in western democracies the state is failing to do it. We have the lower income people getting taxed to hell, either directly or by proxy while the uber-rich are influencing the state regulation directly.
psud@lemmy.world 1 year ago
You know how you improve capitalism? You add a very large dose of socialism
what_is_a_name@lemmy.world 1 year ago
From 2023 perspective that sides seem like a viable path indeed.