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by methodover 3132 days ago
Respectfully, did you read the article? The article argues that it is not capitalism -- competition in a free market -- driving the gap between the top 1% and the rest. Rather it is the efforts on the part of the 1% to monopolize, to drive out competition and protect their position that is the cause.
1 comments

Which is actually the typical end state of real capitalism as opposed to imaginary capitalist models. Cartel (explicit or implicit collusion) or monopoly. This is because for any single agent cooperation is beneficial even if it is not for the efficiency of the system as a whole. Bigger agents have more potential there. (Purchase removes an agent and competition from the system.) Agents collude on each transaction when they probe the market for expected price. Including for services and labour.

The other systems have this bug as well. Somme people have an intense drive to accumulate power, no matter the cost to others, or rationalize the cost away. Worst are those of them with bad ideas or totally irresponsible.