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>There is no unrestrained capitalism. This is the doing of the managerial class

Who precisely do you think has 90% of the power in 90% of businesses? And before you say 'the shareholders, duh', the venn diagram of the PMC and shareholders of these massive corporations is a circle. The ruling class is the PMC. They run the corporations. How could it be any other way?

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The managers have power. They are helped by corporation status (a State creation) and by the fact that when they screw up the central banks print some money and write them a check (of course some schemes are used to hide this process a little bit).

This last bit is the most important. Even if you don't want to blame the managers, profit and loss mechanism is gone, so we are not under capitalism but in a command economy

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