27/09/2020
Simply saying that we are "doing capitalism wrong" is a very attractive idea because it doesn't actually require any real change to society. If we are simply "doing it wrong" then everything can be solved by some tweaks to the system and removal of the "bad people". But arguments like this always conveniently ignore the question of WHY we are doing it wrong and how we will stop others from doing it wrong again. It ignores the fundamental problems and replaces them with incidental ones.
Capitalism isn't broken. It's working exactly as intended towards its purpose, that purpose being to funnel wealth and power to a vanishingly small elite and cement a hierarchy of power based on that wealth. It is a thin veneer of meritocracy, but not to ensure social mobility, but rather to calcify it, granting justification to everyone for why they are "in their place".