About defending capitalism (and not billionaires - who more often than not abuse this system). Some of us lived in other systems. And we understand any other system is way way way way worse.
There are however a lot of problems with capitalism and should be held on a very short leash. Or else monopoly happens. The most effective actions to keep capitalism at bay: strong anti-trust laws, strong worker protection (this includes a lot of stuff), wealth tax.
And be aware there are many flavours of calitalism. Most commonly people in USA are the most extreme where you have really “long leash”. And people see such capitalism as failing and want to replace whole system.
There are however a lot of problems with capitalism and should be held on a very short leash. Or else monopoly happens. The most effective actions to keep capitalism at bay: strong anti-trust laws, strong worker protection (this includes a lot of stuff), wealth tax.
Capitalism eats the leash, you can’t avoid this.
As the above commenter mentioned it is possible to stop it eating the leash so to speak. The main problem is keeping all of those protections actually in place. We don’t seem to want to codify worker rights or anything else important to the constitution.
Follow the trends. People didn’t stop wanting rights, Capitalism exists in constant decay as it grows, eroding worker rights due to outsized Capitslist power.
You can only stop Capitalism from eating its leash if you stop time, as long as systems remain in motion they will trend in natural directions, for Capitalism that is centralization.
This is simply not true. And whole EU is doing this more or less effectively. But your government has to be very very careful since this sure can happen.
In recent years we have seen degradation of this leash. But EU commission started keeping up with global monopolies.
I believe also in USA they are making some antitrust changes after a few decades of sleeping.
In recent years we have seen degradation of this leash.
Proving me correct.
