• melfie@lemy.lol
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    28 days ago

    Capitalism may be workable with strict regulation and proper social safety nets. The problem is that we have crony capitalism, which allows billionaires to essentially control the laws, which concentrates power into too few hands, similar to other oppressive forms of government. A key piece we are missing to make capitalism more workable is right in the word itself: “cap”. There should be a cap on how much wealth any one individual can accumulate.