it's development is such that it will reach a theoretical point where the entire wealth of the planet is held by a handful of individuals who will run by economic dictatorship. In a more practical application, capitalism is run by an economic meritocracy, but one where only the rich are allowed to have any input. The principle feature of the system is the ability to repress all opposition through economic measures so that the few elites can never be challenged. This can only be achieved at the social expense of the vast majority.
Posted By: Baron, Aug 11, 00:00:01
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