That’s what we tend to think, but we’ve been here before with the robber barons at the turn of the 20th century. Rockefeller had an inflation adjusted net worth of over $400 billion dollars, and the entire country was ruled by 4 men. The government was able to rectify that situation and launch America into a golden age for the country and middle class alike. So, I think an unregulated capitalist system is an enemy of the people. That’s probably what people mean when they say “late-stage” since they mean several massive companies have seized the entire market, but it can be reset and regulated when the people force the government to do its job, regardless of how late the stage is.
Capitalism can be great, but late stage capitalism is the enemy of people.
That’s what we tend to think, but we’ve been here before with the robber barons at the turn of the 20th century. Rockefeller had an inflation adjusted net worth of over $400 billion dollars, and the entire country was ruled by 4 men. The government was able to rectify that situation and launch America into a golden age for the country and middle class alike. So, I think an unregulated capitalist system is an enemy of the people. That’s probably what people mean when they say “late-stage” since they mean several massive companies have seized the entire market, but it can be reset and regulated when the people force the government to do its job, regardless of how late the stage is.