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Regulatory capture, which all corporate lobbyists represent, is profoundly anti-capitalistic. If the CEO wants to spend their time talking to the government, th
by roguecoder 1y ago
Regulatory capture, which all corporate lobbyists represent, is profoundly anti-capitalistic. If the CEO wants to spend their time talking to the government, that is very different than spending money to have other people advocate on their behalf: that isn't an option the rest of us have.
And that's before we get to the way wealth inequality inherently distorts markets, by overstating the preferences of the wealthy and underserving the needs of the poor.
The point of an economy is to distribute scarce goods and resources. Money represents information about what people want or expect to want in the future.
Everything wealthy people do that make it less efficient at its job is an attack on capitalism.