Perhaps Marx was right and capitalism carries the roots of its own destruction.
I believed in the theory of capitalism: no monopolies and hence competition, shareholders holding management to account, meritocracy.
But what we have now are monopolistic companies or cartels (like the banks) colluding to shaft the consumer, senior management remuneration that is based on greed and bears no relationship to performance and shareholders who cannot or will not challenge this and in this country at least, an elite that look after each others interests in a completely non-meritocratic way.
I believed in the theory of capitalism: no monopolies and hence competition, shareholders holding management to account, meritocracy.
But what we have now are monopolistic companies or cartels (like the banks) colluding to shaft the consumer, senior management remuneration that is based on greed and bears no relationship to performance and shareholders who cannot or will not challenge this and in this country at least, an elite that look after each others interests in a completely non-meritocratic way.
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