https://www.wsj.com/opinion/socialism-i ... l-53bb3f65
Most of the causes of America’s economic dysfunction is a result of a capitalism that has mutated into a system run by and for large corporate interests. If you look at America today and see a perfectly functioning free market economy, a neoliberal utopia guided by the invisible hand of Adam Smith, you need to take off the rose-tinted spectacles and take a closer look. Oligopoly level industrial concentration in almost every sector. Endemic cronyism. The application of regulation, legislation, and policy for the benefit of big companies. A ruinously expensive health care system run principly for the benefit of insurers and pharmaceutical companies. In short, the steady accretion of market, economic, and political power by a business political class that promotes it’s own well-being at the expense of competition, the market, and ultimately the people."
