Submitted by Missing_Trillions t3_11cflhy in Documentaries
Governments is tasked to break up companies like this. They have not going after a large corporation for a long time. Last one I can remember was Microsoft.
Problem is that once capitalists accumulate enough wealth it's just easier to buy the government.
They did exactly that, about 40 years ago.
Civic democracy literally can't exist when wealth is that concentrated.
Right blameshift to the captalism boogeyman. Couldn’t be corrupt government officials that would do the same under any other monetary system
Wow, people can be corrupt in any system, shocking. So if they’re always going to be corrupt then it’s not blameshifting to talk about how the current system is allowing that corruption to flourish. The problem with unregulated Capitalism is that it concentrates fantastic wealth and power in the hands of a few unaccountable individuals and corporations. That’s not an error or a goof, that’s the entire design of the system. It allows the superwealthy and corporations to buy off the government at an industrial scale with no need to even be subtle about it.
I’m sorry, but capitalism will never love you, and white knighting it won’t make you rich. Stagnating wages while corporations report record profits, wealth concentrations that make feudal nobility look like a teenager with a piggy bank, a government solely concerned with keeping the rich rich and making them richer. This is unregulated capitalism working as intended.
We used to keep this shit in check, stopping mergers, breaking up monopolies, the super wealthy used to have a 90% tax bracket, etc. Problem is that around the time of the civil rights movement those in power, actual power, realized that they could use social issues to keep the people divided and rabidly tribalistic about their political parties while they robbed us blind. It worked. It’s not red vs blue, it’s green versus not, and you ain’t on the green side.
Anything unregulated will get out of control, it’s just the constant lazy argument of “capitalism bad” is so easy and and unproductive. You’re never going to stop people from exchanging goods and services for capital, so quit the non-starter argument. The fact you and I are arguing over this rather than doing something effective is proof that it is a very effective distraction.
When bribery is legal and government regulation is a revolving door between CEOs and "regulators", we get this cancerous corrupt system.
I believe this started with the Telecommunications Act of 96. (I plan on watching this later, so maybe it's mentioned). Media used to hold political figures and the wealthy somewhat accountable. Now those guys just flat out run media and use it as a tool to divide and shape opinions in order to maintain the status quo.
> Governments is tasked to break up companies like this.
The Government is tasked with protecting rich people from having to deal with poor people. Everything else is incidental, at least in the USA.
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