Labor was better protected
Elections were funded by the gov and any money spent outside of that sent you to jail and confiscated everything from you and your company and your family
They were taxed at the top marginal back at 90%
They could not buy or own anything in media
My problem with capitalism is the rules were made at a certain time and place. Then the industrial revolution happened which bricked the old rules, and let wealth concentrate, which started eroding rules to favor those with the accumulated wealth.
Then the sale of single input products and services (first software, then the web - or make one sell infinite) bricked what was left of capitalism and let wealth accrue at 99% of light speed. And the laws/regulations never got changed to put a clamp on that, the tax rules and everything else went to favor those with more than they could spend, then the self-interested actors spent a pittance to do what the framers were trying to avoid: buying up all the government reps.
And here we are - all the monied people who mostly dont seem to grasp that they are just hastening their own implosion doing their 60 year old plan of robbing the bank, as it were.
Labor was better protected Elections were funded by the gov and any money spent outside of that sent you to jail and confiscated everything from you and your company and your family They were taxed at the top marginal back at 90% They could not buy or own anything in media
My problem with capitalism is the rules were made at a certain time and place. Then the industrial revolution happened which bricked the old rules, and let wealth concentrate, which started eroding rules to favor those with the accumulated wealth.
Then the sale of single input products and services (first software, then the web - or make one sell infinite) bricked what was left of capitalism and let wealth accrue at 99% of light speed. And the laws/regulations never got changed to put a clamp on that, the tax rules and everything else went to favor those with more than they could spend, then the self-interested actors spent a pittance to do what the framers were trying to avoid: buying up all the government reps.
And here we are - all the monied people who mostly dont seem to grasp that they are just hastening their own implosion doing their 60 year old plan of robbing the bank, as it were.