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ModernMech 6 days ago

I think necessarily. I don’t think it’s possible to devise a capitalist system that doesn’t devolve into oligarchic control. Markets can’t be regulated like the theory wants, because capitalists just use their wealth to take over the politicians. They are able to do this because they control so much wealth. To prevent this hack, you’d have to take control of capital away from the capitalists, thus defeating the core idea of capitalism.

chrisweekly 6 days ago | parent [-]

> "capital away from the capitalists"

or find other ways to reduce the influence of money on public elections -- see eg Prof. Lessig (of "Creative Commons" fame) and his writings on "Fix Congress First" which led to Rootstrikers.org