Ouroboros is starting to get around to the back of its own head, and people can no longer avoid seeing where things are heading.

I suspect many wanted a kleptocracy but hoped to share in the plunder.

Yup. They're not about to turn around and embrace anything progressive. Get ready folks...

Eh, it works during the period it's intended to work. When competition is high and not optimized. Optimization results in a need to convert to non-profit public utility status, which is where we fail.

MAGA wants a babyfuckocracy.

Capitalism's fundamental flaw is that it exploits and feeds people's greed. It requires an external system of regulation to ensure that the vast majority of people aren't left with so little that murdering the people responsible for their suffering doesn't seem like a better option than continuing in the system.

One could envision a system that uses mutually aligned incentives to ensure that when you succeed, we all do better, and when I succeed, we all do better. What does that system look like? It looks like a flattened hierarchy, where it is practically impossible for one person to accumulate enough wealth to influence national politics. I think it likely looks like state that guarantees healthcare, education, food, privacy, housing, and a job if you want it. Why does it look like that, because all of those things are neccesary to a happy, fulfilled, and productive life. If you have more people optimally outputting, your economy has strength and resiliency. With a modicome of smart public investment, you can fiscally guarentee that in perpetuity. In order to achieve it you need a government worth trusting, we don't have one, but we can build one.

If nothing else, the modern era of capital accumulation demonstrates that there are so many more resources in the world than people to use them. What if we just let them? Since the war on Iran started the US has spent more than 1/3 of what the UN estimates it would cost to end world hunger (37B/97B).

The problem is the capitalists become the government officials that should be the check.

This is true in other systems too btw, the only real check has ever been the power of the people to stand up and reset the corruption.

It’s a cycle that’s incredibly old, we’re just at the elite looting stage before the revolution.

Whether we end up with capitalism again or something doesn’t matter, what we really need is something new that encourages civic participation to hold elites accountable. I have no idea what this is, but I know blaming capitalism alone is only a convenient scapegoat, it’s not a true root cause.