@freemo
Concentration of wealth has more to do with the autocratic mechanisms allowed to exist in government than it does the economic landscape of the society. That’s why Russia (under the Tsars and under Putin) and the USSR all suffer from an oligarch class and why socialism allows economic freedom and mobility in many European countries. Pre Reagan, the USA was a capitalist engine of economic equality, but that administration undermined the basic tenets separating wealth and government, leading to the implementation of Citizens United and the worst of income inequality.
My point being, any economic system can be abused if money is allowed to shape its policies
@GrimmReality
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Jeff Shaffer CBET, ret (civilityfan@sfba.social)'s status on Sunday, 15-Sep-2024 04:51:57 JSTJeff Shaffer CBET, ret