Unregulated capitalism is fascistic and corrupt. The regulations Biden team and Warren CFPB agency, IRS restoration, Gensler at SEC, Kahn on monopolies was prepared to right the economy. Biden’s economic plan was not late stage capitalism. The SC, Trump, Johnson cancelled the checks and balances.
They missed that part.
Unfettered Capitalism has been unleashed upon America since a Reagan decimated and rolled back Roosevelt's New Deal!
Absolutely.The US legislators, the GOP SC members have moved us toward unregulated, unfettered capitalism. My point is this is not “late stage” capitalism. It is not inevitable of capitalism, if regulated, to end up in corruption.
We saw under Obama, and Biden, that regulations are a way to quickly control corruption which is inherent, inevitable without checks. We can see in Scandinavia that checks, regulations work to stem corruption , yet they retain a capitalist system. Some regulations are necessary.