There’s a huge difference between capitalism and oligarchy. What we have is oligarchy. All the worst parts of capitalism. 19th century robber-baron “capitalism.”
The “oligarchy” of today is not distinct from Capitalism, but Capitalism at a later stage in its life.
Capitalism today looks nothing like capitalism in the 1950s. Back then, a family could easily survive on the income of one person. With money left over to pay for college education, a car and a house.
That is not the situation today, where most Americans have NO retirement savings. Unless you’re redefining what capitalism IS, then that’s a problem caused by the people in charge (oligarchs).
You literally do not know what capitalism is. Capitalism is not commerce or economy, capitalism is a social relation system that is defined by private ownership of the means of production and prioritizes commodity production for profit by way of wage labor and class antagonism. Maybe you should read more before you state your factually incorrect statements.
The erosion of safety nets is a product of ever-further monopolization and the dissolution of the USSR, as well as the liberation of many colonies. I am not redefining Capitalism, the Capitalism we have today is the natural following point of earlier Capitalism.
Same underlying system, different levels and scale.
