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).
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).