[Xelbair]

Kinda, it's basically capitalism with a lot of insider trading, where your connections mattered more than what you did.

t. someone from country which underwent that.

[ClumsyPilot]

Luxe Lifestyle was a recently-formed company with no staff. It was awarded £25 to buy protective equipment for Covid.

The very next day, on April 29, DHSC bought another 200 million face masks, this time contracting to pay £252.5 million to Ayanda Capital, a Tory party-linked firm also bumped into the VIP lane despite having no previous PPE experience. It is an investment company specialising in currency trading, offshore property and private equity.

To this day, no-one has been charged with any crime.

https://www.standard.co.uk/news/uk/ppe-procurement-scandal-u...

[avgcorrection]

That sounds like Capitalism minus all the propaganda about merit and capitalist-class productivity. So just Capitalism.

[Xelbair]

It sounds like that, but believe me, it was vastly worse than current times. Except if you were in lucky 0.1% that had those connections, and also had no conscience.