As we’ve all seen, those with wealth use it to hide it away from taxes and to bribe for relaxed regulations or regulations to stop competitors appearing.
Is not a problem inherent to capitalism. All of that stems from human greed, which you’re going to have no matter what economic system you try to implement. The solution is to have actual enforcement of your regulatory guardrails.
We need to start encouraging policies like reward bounties for exposing corruption. Know someone who’s breaking the law to defraud the government? Expose them and get 5% of the money recovered after a successful conviction.
Look, I’m not going to defend capitalism, but
Is not a problem inherent to capitalism. All of that stems from human greed, which you’re going to have no matter what economic system you try to implement. The solution is to have actual enforcement of your regulatory guardrails.
We need to start encouraging policies like reward bounties for exposing corruption. Know someone who’s breaking the law to defraud the government? Expose them and get 5% of the money recovered after a successful conviction.