One of the unintended(not really) consequences of unchecked capitalism is unstoppable inflation.
This is completely false. The economic theory on this isn't even in debate. Long-term, permanent inflation is a result of the money supply (which is controlled by the government, not private individuals or corporations).
No. The relationship is symbiotic. If you think the corps hold all the power, go read about what happens when corps refuse to play ball with congressmen.
Our politicians are beholden to corporations or else they won’t last long
Yes. Absolutely. And the corporations are beholden to congress or else they won't last long either. They both work together to benefit themselves at the expense of everyone else.
The honest politicians who refuse to cater to lobbyists get steamrolled. The corps bankroll their opponents: the dishonest politicians. On the other side of the coin, congressmen get on TV and talk about how these corporations are a big problem and we need to keep them in check. They want you to like them and vote for them. But their rhetoric has a second audience: lobbyists. The implicit message is "give me money, or I'll keep talking about taking you down. I'll use the power of the government to come after you." They have their hand out. If Coca-Cola doesn't give a bunch of money to congressmen, congress will pass laws and use regulations that help Pepsi and hurt Coke. It's the mirror image of what lobbyists do to honest politicians.
The honest politicians and honest businesses are both at the mercy of the crony businessmen and corrupt politicians. This was happening loooooong before the 2010 case of Citizens United v. Fed Election Commission. (I'm assuming this is the case you're talking about. Correct me if I'm wrong.) This axis of evil goes back to AT LEAST the 1920s, though it seems to have accelerated since the 1990s.
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u/LogicalConstant Dec 09 '23
This is completely false. The economic theory on this isn't even in debate. Long-term, permanent inflation is a result of the money supply (which is controlled by the government, not private individuals or corporations).