Earlier quoted context omitted.
The comment you linked fails to substantially address the article you claim to critique. You basically quoted him once on a rather controversial point and said "I disagree with this quip!". This particular sentence is hilarious: > if you have any serious reading on the last two hundred years of economic, political and sociological critiques of capitalism, wealth and power It seems like you're calling Paul Graham a ps…
I would need to go through many of his articles to expose their chronic lack of information. It's not a case of disagreeing, it's that others have disagreed and he hasnt bothered to make himself aware of how. This is no good for an "intellectual" idol. > It's a matter of degree. It has nothing to do with "degree". "Corruption" has nothing to do with the mixture of wealth and power: in extremely capitalist societies t…
It is easy to dismiss PG's entire article -- from its foundation to conclusions about transparency -- if you've already concluded that democracy does not exist; that votes do not translate to power in any meaningful way; that capitalism has become the real foundation on which political power is merely a simulacrum. In doing this we've hit philosophical bedrock with the shovel of pessimism, and the discussion ceases to be productive.
The law only codifies what the people, through their votes, decide to codify within it. Capitalism does not a priori codify wealth as political power. The law merely aids the confluence of capitalism: money, a signifier -- to represent resources: the signified. Capitalism is contained within the theater of democratically held political power -- until it corrupts that containment. PG's mention of secrecy in a democracy is a useful one: secrecy subverts the power of the informed voter, it is a breach of that containment. It allows the potential for capital to slip out into the realm of realpolitik -- which is reserved for the people alone through their vote.
I think if you review what PG is saying about corruption through the prism of philosophy without the distortions of politics itself (and all its frustrations) you might not consider it unsubstantiated idealism or what have you.