As an economic system, Capitalism is a kind of anarchy. It is like a network of roads on which millions of vehicles are driving and the rules of traffic are determined by each individual driving on it. And, in such a scenario, of course, the bigger the vehicle is, the more damage it can do, and the less it will be affected, when it plows into other vehicles on those roads. The nature of the system is interconnected and interdependent, yet each participant in the system makes decisions based exclusively on self-interest.
How can that work?
The easiest way to appear to be an expert economist is to predict a crisis in the market, because you will always be right. It is like looking at that anarchic network of roads and predicting a crash. Of course there will be a crash; of course there will be a crisis. Since the end of the Great Depression, the US economy has experienced a significant crisis at least 11 times. That is a crisis every 4 to 7 years. The last major meltdown was 2008-2009, so obviously, the system is due for another collapse. Perhaps it will be from the automotive industry (which is currently over-producing at a rate approximately double that of consumer demand), perhaps somewhere else; but it will happen; because it always does. And when it does, the biggest entities will survive, even though they will demolish countless smaller ones, and destroy people’s lives.
There is no reason why we have to let this continue.
#Democratization_of_Corporate_Influence