There’s a huge difference between capitalism and oligarchy. What we have is oligarchy. All the worst parts of capitalism. 19th century robber-baron “capitalism.”
Capitalism today looks nothing like capitalism in the 1950s. Back then, a family could easily survive on the income of one person. With money left over to pay for college education, a car and a house.
That is not the situation today, where most Americans have NO retirement savings. Unless you’re redefining what capitalism IS, then that’s a problem caused by the people in charge (oligarchs).
There’s a huge difference between capitalism and oligarchy. What we have is oligarchy. All the worst parts of capitalism. 19th century robber-baron “capitalism.”
The “oligarchy” of today is not distinct from Capitalism, but Capitalism at a later stage in its life.
Capitalism today looks nothing like capitalism in the 1950s. Back then, a family could easily survive on the income of one person. With money left over to pay for college education, a car and a house.
That is not the situation today, where most Americans have NO retirement savings. Unless you’re redefining what capitalism IS, then that’s a problem caused by the people in charge (oligarchs).
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Capitalist economic systems will inevitably lead to oligarchy