Unchecked capitalism is harmful. It seems like the Trump administration will exacerbate the issue. Biden had an opportunity to address it, but he failed to act. In the end, we’re left being governed by crooks.
I think it comes down to how one defines capitalism. Markets are an excellent default for pricing things and thereby allocating resources and effort. Markets are also almost impossible to really get rid of: if one attempts to completely eliminate market activity you usually end up with a “black” market.
But markets experience market failures: this might be in the form of monopoly or monopsony pricing power, it might be in the form of lobbyism or other institutionalized corruption, it might be in the form of outright lawbreaking or other even more direct coercion.
Capitalism-like systems only serve the populations that live in them when they are honestly and competently referred: they only work when market failures are addressed with vigor.
We’ve sailed so far past this type of state that the government is now actively aiding and abetting cartels and oligarchs in their efforts to induce market failures.
That ends with some kind of internal or external war, hence the bunkers and islands and spaceships and shit.
