Technology

I think unfortunately democracy lends itself to oligarchy. It's a constant war of back and forth between democracy trying to fight back and then the oligarchs taking back control. Eternal struggle, essentially.

Look at for examples in the 1800s with the expansion of the railroads. We realized monopolies were dangerous so we create anti-trust laws. For a while, the government enforces this to break monopolies. This is good for democracy- it reduces the power of large corporations controlling policies.

Eventually, however, they sneak back in. Look at the original AT&T. I forget the name but it was Edison's company. They became massive, were broken up, but then slowly merged together over a long period of time.

However by the time they combine together again, there is little public will to break them up. We're at the point today where we have powerful anti-trust legislation but our politicians either have no will to change it or are too scared to change it.

We could break up Google, Amazon, Facebook, etc. They buy up their potential competitors before they are any risk and we live in a world where vast majority of internet traffic gets routed through the big 5. Google (YouTube, search), Meta (Facebook, Instagram, whatsapp), Twitter, reddit, tiktok.

Instead of breaking these companies up to maintain a free market with competition - we don't do anything. Why? It's a pendulum and corporate interests are in the driver's seat right now.

There are many other industries where a few big companies control everything. Internet like Comcast & AT&T.. Media - I remember reading in 2019 half of all movies that came out in theaters was owned by Disney. Airlines are another example. 80% of trips happen under 4 companies. American airlines, delta, southwest, and United.

There are similar oligopolies in many industries that are less visible. Pharmaceuticals, defense contractors, cloud infrastructure, etc.

As long as these companies have such power.. they will find a way to manipulate our democratic system. You can change the rules and they will get around them. For example we have anti-trust and depending on your interpretation many of the companies above can be broken up.

Yet we don't do it. So the law doesn't actually matter. What matters is where the real power is currently located. The laws are guidelines..

So the solution? I have no idea, really. I think there is no ultimate solution as long as there is capitalism. It will always be a war between people trying to assert their own private power and the institutions trying to keep the system legitimate.

However, I think we can make the situation better by breaking up the power of these companies by actually enforcing anti-trust laws and making it harder for them by for example getting rid of legal lobbying and making them do it illegally. That will incur extra costs for them, ultimately making them less effective.

When you launder money, you lose a good chunk of it. Somstimes a significant chunk.