Russian authorities have confiscated assets worth 550 billion rubles ($7.59 billion) linked to jailed billionaire Vadim Moshkovich and transferred them to state ownership, the Interior Ministry said Thursday, in what appears to be the largest asset seizure of Russia's recent wave of nationalizations.
Have you seen people migrate in huge numbers from X to mastodon or Reddit to Lemmy? The oligarchs in the US are fully in control. People crave Capitalism.
and that can change over night. Seriously media is powerful, but it is pretty easy to have a billionaire thrown into say Guantanamo and tortured until he signs over his wealth or at least most of it. That is sort of what China does and it seems to work.
Do you think that’s possible in the US?
Except capitalists. Each of them wants to be a monopolist.
The monopolies, that is Capitalism. Free markets with competition is not Capitalism because then people with capital don’t have much power.
You can see it that way, but most billionaires we have today aren’t monopolitsts but are completely beyond the reach of the law and buy out governments.
you’re conflating capitalism with plutocracy.
And yeah, capitalism will lead to plutocracy if left unchecked, but they’re not the same thing.
But is it Capitalism if it is checked? If something stands above capitalism and controls it, then that is the governing philosophy and deserves the -ism, not capital.
capitalism isn’t a form of governance it’s an economic system.
Democracy is a form of governance, so is plutocracy, or monarchy, or aristocracy.
Many different forms of governance can structure their economy using capitalism.
But a capitalist economy will always push the current form government towards plutocracy
People crave the luxuries and conveniences they have been sold. A lot of that has been made cheap via capitalism and mass production, but the continued greed and rising prices and subscription fees are starting to make it less convenient to suppress their ire with the decay of society.
The issue is that most people, especially rural folks, don’t have the education or political vocabulary to express themselves or realize they’ve been fucked until it’s too late. It’s easier for them to repeat predigested propaganda from FauxNews or their religious beliefs, because that is what they have been spoon fed their whole life.