It's not late stage capitalism, it's crony capitalism. This is not what capitalism has to turn into, we have just allowed business and government to get too cozy
Crony capitalism, which over time transforms to a corporatist economic/political system. We used to call that fascism, but it usually goes by the name of 'equity' of late.
Capitalism includes in the ability to choose who you do business with, no crony capitalism needed. Technically, if you want to force the bank to do business with individuals, you'd want national socialism.
The crony is the gov bailing out businesses with taxpayer money and pumping out regulations that the corps can endure but small business can't, effectively killing any competition and rendering them "too big to fail".
It's not late stage capitalism, it's crony capitalism. This is not what capitalism has to turn into, we have just allowed business and government to get too cozy
Crony capitalism, which over time transforms to a corporatist economic/political system. We used to call that fascism, but it usually goes by the name of 'equity' of late.
Capitalism includes in the ability to choose who you do business with, no crony capitalism needed. Technically, if you want to force the bank to do business with individuals, you'd want national socialism.
The crony is the gov bailing out businesses with taxpayer money and pumping out regulations that the corps can endure but small business can't, effectively killing any competition and rendering them "too big to fail".