Capitalism looks good on paper but it doesn’t work in real life. It’s just human nature. These academics talk about supply and demand curves, but after hundreds of years they still can’t even provide evidence that one exists. I’d love it if markets were free and efficient. It would make society so simple and everyone would get what they needed most. But people aren’t robots, you know? They don’t consume rationally and all the money ends up going to the guys at the top who use it to make themselves more powerful. It’s called tragedy of the commons. Markets can start out efficient, but people steal shit and force people to stop competing, which fucks the markets up even more.
The US form IS what happens. Capitalism will ALWAYS devolve into monopolies that impose strict regulations preventing other competition from surviving. That’s the end state of the equilibrium.
If you are against strict regulations that prevents other for compeating, then we are both on the same side my friend, but let me tell you that your definition of capitalism is contaminated.
What it is Capitalism is laisse faire or it isn capitalis Capitalism is unregulated or it isn capitalism Capitalism is “voluntary exchanges” (not only limited to the market)
What it is not Rules imposed by force, by the state “”“”“Entrepreneurs”“”“”“” using his/her ínfluence to change state rules in his/her favour State regulations in general.
You are indeed right if you say that the current sistem will end up in the equilibrium state you point out. When you have an state they will inevitably try to convince us that they are 100% necessary to “tame” the market and corporations.
Do you really and honestly want to see a tiny bit of what capitalism is? Take a look at Cospaia (Italy) in the years 1440 to 1826 and tell me what you think