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They're all deeply interconnected. Read a book. All of those systems involve hierarchies that are more or less flexible. Capitalism has been highly productive a
by tehjoker 6y ago
They're all deeply interconnected. Read a book. All of those systems involve hierarchies that are more or less flexible. Capitalism has been highly productive as an economic system, but it still is deeply undemocratic and could safely be called tyrannical as it has few if any democratic features below the level of the wealthy shareholders.
EDIT: In the case of many of our tech giant friends, the trend in the mid-2000s to late 2010s was to create different tiers of stock so that the founders would have near absolute authority over the company. This is like a private monarchy and is even more authoritarian than the previous generation of companies.
EDIT2: The funny thing is, because we distrusted the financial system so thoroughly in the early 2000s, cutting out the influence of institutional finance was seen as liberating while in actuality we were merely constructing an even more hierarchical and conservative system.
- rayiner 6y ago> They're all deeply interconnected. Read a book. I don’t really enjoy fiction books.