It’s more “regulatory capture” than it is capitalism. In any system where there are supposed to be people who protect the rights of the people, if those organizations are prevented from doing their jobs, you get stuff like this.
The USSR, for example, was famous for its “new word formulation” after the revolution, which George Orwell referenced as “newspeak” in 1984. I mean, the official Soviet newspaper was named “Pravda” meaning “Truth” when it was famous for publishing propaganda that was clearly untrue.
It’s more “regulatory capture” than it is capitalism. In any system where there are supposed to be people who protect the rights of the people, if those organizations are prevented from doing their jobs, you get stuff like this.
The USSR, for example, was famous for its “new word formulation” after the revolution, which George Orwell referenced as “newspeak” in 1984. I mean, the official Soviet newspaper was named “Pravda” meaning “Truth” when it was famous for publishing propaganda that was clearly untrue.