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I see this critique all the time but never see anyone point to the ACTUAL problem: a lack of accountability. Is anyone here old enough to remember that telecom
by notjoemama 3y ago
I see this critique all the time but never see anyone point to the ACTUAL problem: a lack of accountability.
Is anyone here old enough to remember that telecoms were a plurality? Now they are consolidated into a few, or couple, I haven't checked lately. When they wanted to merge or buyout it used to be big news and regularly got denied to protect the market. But the last few monumental mergers have largely gone under the radar, a series of boxes checked and completed forms, and they're done. It's because people friendly to the entities are in the positions of decision.
We know capitalism has flaws and is imperfect. It used to be our regulatory agencies would tell companies like Monsanto to take a hike. But now, they permit anything the corporations want to do. With that glaring of a problem, are we really talking about an economic framework called "capitalism"? No, we're not.
Were this a Communist country then the oligarchs would be friendly to the regulatory agencies. Same issue, different economic foundation. Do you see where the problem lies now? It's not "capitalism". That's a nonsensical critique parroted by consuming inflammatory rhetoric, a waltz down the sidewalk of extremism from hateful social and news spaces online. Stop it, please.