The context was that the previous economic mode was feudalism, in which the wealth was centralized under nobles and monarchs. The governments that supported those economic systems were deemed too oppressive by their people and forced to change. But the economic mode when it changed to capitalism didn’t differ that much in the long term. The wealth was redistributed initially to some extent with the changing of the government, but then reconcentrated into the hands of the few and then individuals were able to scale its extractive means globally.
The sentiment that forced the governments to change then was cooled by a change in system, and reality, but now we can see even more clearly that the issue is the concentration of wealth (and through it, power).
Now that we are back to a reality of inequality above previous levels (and we can see the outsize influence of the wealthy on every facet of policy), it is obvious that capitalism at this stage subverts the stated goals of democracy.
The context was that the previous economic mode was feudalism, in which the wealth was centralized under nobles and monarchs. The governments that supported those economic systems were deemed too oppressive by their people and forced to change. But the economic mode when it changed to capitalism didn’t differ that much in the long term. The wealth was redistributed initially to some extent with the changing of the government, but then reconcentrated into the hands of the few and then individuals were able to scale its extractive means globally.
The sentiment that forced the governments to change then was cooled by a change in system, and reality, but now we can see even more clearly that the issue is the concentration of wealth (and through it, power).
Now that we are back to a reality of inequality above previous levels (and we can see the outsize influence of the wealthy on every facet of policy), it is obvious that capitalism at this stage subverts the stated goals of democracy.
(Edited for tone)