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by phil21 17 days ago
No. This is how crony-capitalism works.

You could make a decent argument that capitalism will very likely end-game devolve into crony-capitalism as it's typical failure mode, but I don't think it's written in stone.

It's funny to me. Everyone rails about Atlas Shrugged being some libertarian fantasy story. I always read it as an allegory warning about crony capitalism and how it ruins society along with a story about trains and magical perpetual motion machines.

1 comments

Socialism capitalism, history shows basically all human systems devolve into corruption regardless of how sound the underlying concepts are.

Which I’m surprised people don’t point out more. What does it matter which system is the best when at the end of the day the powerful people are going to make back room deals to subvert it and that always leads to a feedback loop

Yep. This is how I view the world these days too. All systems will inevitable devolve into corruption and centralized power. The best system I suppose is the one that starts with the most distributed means of power possible, and then that gives the most quality of life years out of anything before it's time for a horrific reset again.
The best way to sort this out is to have truly random election winners and heads of organizations and bids for govt contracts. And yes, you must have enough numbers in the input for random selection.

If a Pvt corporation fails to deliver a bid or lies in customer features, then CEO is caned (Singapore style) and taken out of the next pool for random selection.

If a politician fails to deliver an election promise in his term, then politician is caned and taken out of the next pool for random selection. Randomly selected judges decide the severity of crime and magnitude of punishment.