• abbotsbury@lemmy.world
    link
    fedilink
    English
    arrow-up
    11
    ·
    1 year ago

    If you own the source of wealth, you can buy more in a positive feedback loop, thus concentrating wealth and therefore power. Them being private actors means they are accountable to nobody.

    • MonkRome@lemmy.world
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      1
      ·
      1 year ago

      I feel like you are both arguing different things. The simple fact of ownership isn’t the concentration of power, it’s the fact that we don’t put limits on that ownership that causes concentration of power. People always argue for or against systems by taking those systems to their absolutes instead of arguing how they should be in practice. If we put a high tax on anyone with a high net worth, high yearly earnings, high estate value, etc., and also take anti-trust laws seriously, then we can largely solve much of that and still operate under capitalism. The problem is more how we are currently operating under capitalism more than capitalism itself, imo.