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Problem is how government allocates all the funds. Right now all the winners are chosen by the government. Thus, it is not based on meritocracy but entirely on

Problem is how government allocates all the funds. Right now all the winners are chosen by the government. Thus, it is not based on meritocracy but entirely on connections. Also, government and corporations have merged to such an extend that competition with existing players are not even possible. I think a good classification for the current system would be neofeudalism. You are either a noble with connections or a peasant.

ivalm 4y ago
> all the winners are chosen by the government Not true > government and corporations have merged to such an extend that competition with existing players are not even possible. Look at s&p500 cos from 2000 and now, there is a huge amount of displacement (due to competition).