Oligarchies are an inevitable outcome of capitalism.
This is what late-stage capitalism looks like. Governments are bought because the people allowed them to be based on some insane idea that the free market benefits everyone.
Just a nuance - the issue here is the end of the Cold War. The moment there was no credible socialist alternative - the 'end of history' - politics had zero incentive to restrain capital.
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u/charchavanni 13h ago
Everything is so boring and lifeless now. What went wrong?