The US is not really capitalist, it’s an oligarchy - a small number of people like Larry Ellison essentially control everything.
It’s always been like that, even going back to the 19th century and the robber barons of the gilded age
It’s always been like that, even going back to the 19th century and the robber barons of the gilded age
This oligarchy is the inevitable conclusion of capitalism, unless there are regulations in place to preserve competition. The last time the US had significant enforcement in this area was the early 80s (AT&T), so of course we have an oligarchy.