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Capitalism is killing our planet
(lemmy.ml)
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this post was submitted on 07 Nov 2023
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Regulatory capture is inevitable in capitalism. There is no reigning it in. Any small imbalance in wealth can be leveraged into a much larger imbalance. If politicians start glancing their way, then they will setup institutions to protect their wealth--anything from super PACs to Fox News.
This is not a Len exclusive capitalism thing though as centralization in any political or financial is always a risk of getting too big as you pointed out. But it can and has to be managed. History has lots of examples, but it seems to come and go in waves as it is hard to clamp down when the times are good.