this post was submitted on 28 Jun 2025
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It's still called capitalism, but in reality it's drifted way off course. What we've got now looks more like a corporate oligarchy. The free market only applies to small players, big banks and mega-corps get bailouts, write policy through lobbyists, and face no real consequences for failure. It's capitalism in name, but the rules are rigged. Real capitalism doesn't have a reset button for the rich and a bootstraps lecture for everyone else.
We now live in the age of techno feudalism. The mega corps aren’t producing and selling actual things they are just rent seeking and extracting wealth from their fiefdoms.