I agree. Perhaps I don't have a good understanding of "late-stage" capitalism. I think that the current version of capitalism is "working" (very relatively), e

I agree. Perhaps I don't have a good understanding of "late-stage" capitalism. I think that the current version of capitalism is "working" (very relatively), exactly because there is substantial oversight from the government and the media, and there should be more. An open and fair marketplace generally seems to be good at improving lives at scale. But I don't understand why so many people have this idea that it is a fundamental law of nature, that if you remove government intervention it will naturally become a more open and a more fair market. An open and fair marketplace is quite artificial and needs so much enforcement to keep alive. Futhermore, even if it is good in general, there are a huge number of exceptional emergent behaviours that are bad and require intervention. We clearly see from history that without oversight, the economy does not become an efficient market. It consolidates into rent-seeking monopolies, often defended and expanded by violence, controlled by an elite with a self-reinforcing long-lasting hold on power. In other words, different flavours of Feudalism, not always focused on land assets.