Earlier quoted context omitted.
So there was a whole book about this, Power Elite by C.W. Mills. I suspect quite a few people know this.
I think capitalism can work but we don't have pure capitalism - corporatocratic bailouts have been normalized since the 1990s, and as a result, all systemically important losses are socialized, while the gains are always split across a handful of criminals that exploit a system they partially mold to their own liking in order to propagate the toxicity that enables them to further their own interests. I predict that t…
basically a few people treated it as a way to live like a king, and it collapsed. The state stepped in and took it over, because it was too big to fail.