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Why are folks so anti-capitalist?
(programming.dev)
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this post was submitted on 20 Jul 2023
445 points (75.8% liked)
Asklemmy
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We may not be quite there yet, be we're firmly going in that direction. An ever smaller number of gigantic corps owning ever more of... everything.
The mechanistic reasoning might be plausible, but is there any actual examples of a modern capitalist society regressing back to some form of feudalism to any significant degree?
The point where I'd be worried is when a single company is the majority of a country's GDP or has complete control over the government. The only examples I can think of that even get close to these possibilities are South Korea's Chaebols or Hong Kong's corporate voting block.