Earlier quoted context omitted.
I judge a system by what it does, not by what it's proponents say it could theoretically do. Extractive capitalism is real-world capitalism.
but it does that because of US hegemony empowering its equity to be extractive. We've lost a lot of organisations in the UK due to aggressive and leveraged buyouts. That's not necessarily reflective of capitalism as an abstract but geo-political reluctance in regulating its very worst excesses. I appreciate your position but I can't help but feel like it's like saying cars are crap because they breakdown too easily,…
The 'choice' is an illusion. To quote Lenin, the state becomes the 'executive committee of the financial oligarchy.'
The refusal to regulate isn't a a choice or a policy failure; it's the inevitable outcome of the system.