Comment by vasco
So in your mind megacorps and their owner billionnaires have how much of a say in government? If you had to rate their influence in government policy from zero to a hundred what would that be?
So in your mind megacorps and their owner billionnaires have how much of a say in government? If you had to rate their influence in government policy from zero to a hundred what would that be?
Governments should represent the needs and desires of humans. Corporations are algorithms designed to make their value go up - if not restricted by governments, they will crab-bucket eachother by any means necessary, including slavery. See: factory towns.
Therefore, corporations should have exactly 0 influence in governments, and billionaires should have the same influence as any citizen: one vote, and whatever influence they can peddle from a soapbox in a park.
This is obviously impossible because billionaires can buy TV spots. This is why governments under capitalism almost inevitably become extensions of corporations, which is what the OP comment means. In a system where capital = power, then, accumulation of capital means accumulation of power. You accumulate power, you use it to allow you to accumulate more power, you use it to allow you to accumulate more power... and so on.
I'm skeptical there's any solution to this within capitalism - I don't think highly socialized capitalism will work long term since the profit generating algorithms (corporations) will play within the rules to accumulate just enough of an edge to wedge their foot into government enough to get a smidge of influence, which they will leverage to weaken restrictions on corporations, which will allow them to get more influence, which will lead to them weakening restrictions further, and so on.
So long as capital can be converted into any power at all, I think the system will inevitably trend towards late stage capitalism / corpotocracy / plutocracy.
Do you believe billionaires should have more say in government policy than you do? Why? Why wouldn't a billionaire use more say to help themselves even more at your expense? They clearly love hoarding wealth and power, so, would it not be fair to say they'd like to do more of that?