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  • vinayagg@api.clubsall.comto196@lemmy.blahaj.zoneWhy I hate capitalism rule
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    3 months ago

    This is american version of capitalism (meaning it is oligarchy, not capitalism).

    A fundamental principle of capitalism is competition. In US, lobbying (aka legal bribery) has eliminated competition. So it has changed from capitalism to oligarchy.

    Norway is also capitalistic, but everyone is rich there. US could and would have been there if politicians were not sold.