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lovich 2 days ago

No? Lots of philosophers and writers thought about the problems that happen when capital concentrates to the level that individuals can move nations.

It’s like a whole fucking genre.

What we call capitalism now is just reverting back to monarchism where the handful of rulers decide everything and we stop getting the market to be responsive to reality. Prepare for more absurd and random shortages as our betters play around with their toys

the_real_cher 15 hours ago | parent [-]

Yeah weve gone so far past markets at this point

Companies that are essentially monopolies have greater income than most countries GDP, with government bailouts, with the Federal reserve printing money like crazy, the interest on government debt is greater than military spending.

This is monarchy wearing the skin of capitalism.