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There is no unrestrained capitalism. This is the doing of the managerial class, and they managed to get so much power because of central banks. Especially after
by toldyouso2022 3y ago
There is no unrestrained capitalism.
This is the doing of the managerial class, and they managed to get so much power because of central banks. Especially after 2008 the major central banks have bought assets on the stock market and financed all kinds of projects without a second thought.
They print money and make companies like amazon huge.
This is 100% government 's doing. Total fake economy.
In a free market there is no limited liability, but even if there was companies are subject to profit and loss. The profit and loss mechanism has bren destroyed by goverment, companies now operate based on incentives derived from what's fashionable among the managerial class, not what serves customers and make money.
Also I would not exclude that these companies can be put in their place by using already existing laws. No need for new laws, it's a matter of political will.
- 7sidedmarble 3y ago>There is no unrestrained capitalism. This is the doing of the managerial class Who precisely do you think has 90% of the power in 90% of businesses? And before you say 'the shareholders, duh', the venn diagram of the PMC and shareholders of these massive corporations is a circle. The ruling class is the PMC. They run the corporations. How could it be any other way?
- toldyouso2022 3y agoThe managers have power. They are helped by corporation status (a State creation) and by the fact that when they screw up the central banks print some money and write them a check (of course some schemes are used to hide this process a little bit). This last bit is the most important. Even if you don't want to blame the managers, profit and loss mechanism is gone, so we are not under capitalism but in a command economy