Curious about how this goes but not masochistic enough to enable comment notifications...
Hope some enjoy!
this post was submitted on 15 Oct 2025
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Is oligarchy not the logical result of capitalism with inadequate restraint?
Got it in one! Same with any economic system though. The powerful will always take from the weak, will always find ways to make their own rules. Capitalistic competition works, but only in tandem with a government that reigns it in. Which democracy is supposed to have done. Impossible when our educational systems are crippled from toddler on up.
Younger people around here can't know the America I knew. We scrutinized and denied mergers. We were taught as small children that monopolies were poison. We were taught of the robber barons and of the Gilded Age, taught about the labor struggles and deadly fights to get what we got. FFS, we had a choice in banks.
The very father of capitalism warned against monopolistic behavior. Bet you won't hear Adam Smith quoted in school. Someone might read The Wealth of Nations, get anti-oligarchy notions.
I remember an 8th-grade teacher schooling us on how corrupt Mexico was because 20% of the people held 80% of the wealth. We were fucking appalled at the injustice. Imagine that. I'd kill or die for that "imbalance" in America today.
And BTW, my primary education was in Tulsa, OK. Not exactly a bastion of liberalism.
For one bright moment we had Lina Khan, Biden's FTC chair, fighting hard. My fucking hero. First thing I thought when I awoke to a second Trump win, "There she goes. Our last, best hope."
Agreed. For years I've been saying that without well maintained controls, the end result of capitalism and socialism will look pretty much the same.
This whole exchange has been such a delight to read and agree with.
Like you, I don't think the issue is this system or that, it's the enforcement of the rules that make the whole thing work. And for decades, those rules and institutions have been sold away bit by bit for tax cuts and lobbyists.
Indeed they have. And those with the will and resources will never stop doing that. I tried to stay positive for a long time, but I'm rapidly running out of hope for our society. Best of luck to you, friend.