[varispeed]

It's not capitalism, but corruption. Subsequent governments have been shovelling billions to tax avoiding multi national corporations without checks and balances. "Taxing the rich" is a distraction. Correct action is investigate corruption and cut spending. For instance NHS reliance on agencies - they pay agency for a nurse £2,500 a day, nurse gets £500 from agency if lucky, £2k goes offshore. That's how our money is sucked out of the economy. Multiple that by every local authority to government departments and you'll see billions are going to waste. But current government is too corrupt to do something about it. Soon they'll claim we have best food banks in the world and support for working people... whilst corporations are laughing all the way to the bank.

[orwin]

Capital is power in a 'free market'/liberalist world. I like the idea of free markets, but capital accumulation makes the capital owners able to decide more and more on policies that allow them to accumulate even more capital/power. in any case, most of it isn't corruption, it's only people seeking more capital for themselves and their families.

[varispeed]

The rot is in the state: procurement rackets, sweetheart deals, and policy capture by corporations who get access no ordinary voter ever will. When a government sits down with giant asset managers, then magically “discovers” Digital ID is its national priority, that’s not the invisible hand at work. That’s the very visible hand of influence bypassing democratic process.

People love saying “it’s just capital seeking returns” as if that explains anything. It doesn’t. Accumulating money isn’t the issue. Being able to buy policy outcomes is the issue. Once private interests can tilt regulation, spending, and national infrastructure in their favour, you no longer have a market problem. You have a governance problem.

Food banks didn’t explode because Jeff Bezos has too many zeroes in his account. They exploded because governments funnel public money into offshore middlemen, contractors billing ten times the real cost, multinationals avoiding scrutiny, and regulators pretending this is all fine. That’s not the “cycle of capital”. That’s a parasitic state captured by rent-seekers.