To be clear too, this is not capitalism. This is corporatism. Large companies dictating economic companies is anti-innovation. It can only end with disaster and more control/corporatism because lower-productivity workers does not produce higher long-term growth. Temporarily you are able to get your bonus and stock options from the spread between imported and native workers but, eventually, demand and supply stop (and the US reached this point a while ago, which is why central bankers and politicians have had to intervene heavily to keep it going).
The end game for corporatism is shown in Europe where you can see a clear gap between countries that are built on non-zero sum systems which are thriving, everything just works...and then other countries which have been heavily corporatist for multiple decades, everything is collapsing, government function is both non-existent in many areas and reaching new highs of intervention into markets. Unfortunately, the Chinese were right.
About what? Are you familiar with how the life of a Chinese salaryman is going about for the last one year while us in the West are trembling in our shoes about how open weight Chinese models are threatening SOTA frontiers?
> Large companies dictating economic companies is anti-innovation
Yes but what's the solution? To pass even more regulation against the large companies and make them behave?
> in Europe where you can see a clear gap between countries that are built on non-zero sum systems which are thriving, everything just works
The Chinese were right about democracy being fundamentally corrupt.
To remove all regulation. Using economic policy to achieve social outcomes is insanity. Even the most free markets ultra would never suggest this, and you have people who are slightly to the left of communist suggesting this...it is worth asking why.
Switzerland and Italy. Two countries that are next to each other, very different story. Slovakia and Germany, adjacent (can't really use Austria because that is somewhere in the middle atm). At a high level, Eastern and Western Europe. Eastern Europe is thriving, Western Europe is struggling to decide whether to arrest people for committing crimes.
Owners are a minority of voters, which raises an obvious question: why does the majority tolerate it?
Every serious attempt to answer that ends up admitting something uncomfortable, that democracy only functions as intended if voters are consistently rational and informed. But that assumption doesn’t hold. It never has. Even the Athenians put Socrates, father of Western civilization, to death.
If society were at all rational, we'd see a lot more people swing from lampposts.
Because many people run on policies and then just don't follow up. Trump ran on "no more wars" and then started a war. Most people have such a team mindset they will choose denial over admitted they were duped, and then do it all again.
The end game for corporatism is shown in Europe where you can see a clear gap between countries that are built on non-zero sum systems which are thriving, everything just works...and then other countries which have been heavily corporatist for multiple decades, everything is collapsing, government function is both non-existent in many areas and reaching new highs of intervention into markets. Unfortunately, the Chinese were right.