Capitalism puts the power over production in the hands of capital (by definition). So over time, wealth and political clout grow, and they start using that to bend government to their will. It’s not a bastardization, it’s 100% of the historical examples. A free market would require highly distributed power, not concentrated.
Pretty much what I said. Capitalism in practice.
Capitalism puts the power over production in the hands of capital (by definition). So over time, wealth and political clout grow, and they start using that to bend government to their will. It’s not a bastardization, it’s 100% of the historical examples. A free market would require highly distributed power, not concentrated.