This is called capitalism and I really don't understand how people that tweet this think what economic reality is in the world and USA ? If only they could read and understand.
Capitalism seemed to work for a while only because it has been tempered with socialists fighting back hard and incentives being aligned for a while (build more high-tech, time-saving stuff like fridges).
Now when the market has saturated with time-saving goods, capitalism needs to widen the divide between workers and owners more and more just to keep going.
Outside of the US, do people think that truth can be changed because you aren't in the US? Just deny literally 100+ years of history?
The only way Socialism works is in The Utopia that's never existed.
The real life examples of socialism are authoritarian nightmares. Thinking that outside of the US this isn't still true is an... interesting... attempt to deny history.
What we have is imperfect capitalism vs imperfect communism vs imperfect socialism vs ...
The reality is that imperfect capitalism, despite its flaws, is better than the alternatives, despite the attempt to ignore their flaws.
Because that's the only way you can argue socialism is better... is arguing the idea of socialism vs the reality of capitalism.
We can discuss the "line" that gets drawn but when that line crosses from one system to the other? We can absolutely judge Capitalism vs Socialism vs Communism.
You can sit and scream "companies are going to become mega corps and kill us all!!!"... but then when you scream "the solution is government ownership of everything, that will save us all!!!" you lose credibility.
For reference: All of human history and the real world results of socialism/communism/marxism.
The real truth is people understand what capitalism was... what it is... and understand that despite the issues? The alternatives are worse.
Some are more prone to human flaws than others, but the real issue is almost always how greed has found ways to circumvent the methods in place to not allow these mutations to occur.
As always, take "pure" ideas with huge amounts of salt.
I agree with what you said also, to a certain extent. But then we go down the path of: is there anyone with enforced antitrust on their manifesto? Considering the overwhelming lobby influence of 'government scale companies', will there ever be? I'll suggest: no.
I personally don’t believe this is a distortion of capitalism as much as it is just a later stage of capitalism’s inevitable self destruction.
On the latter point, perhaps you're right. The key is whether it's inevitable or not. I don't profess to know.
It's intrinsic in capitalism that firms often increase in value as they fire works.
Your values determine whether that's a feature of a flaw though.
Markets are an important force of progress, capitalism is feudalism all over again.
There is no real negotiation going on between employer and employees. If you don't believe me, ask any HR person whether they allow custom contracts.