The Age of State Capitalism Is Coming to an End!!!!
I recorded this video more than a week ago, and before the GameStop/Reddit stock fiasco. In the video, I make the argument that the economy, and that includes the financial markets, are moving and changing faster than ANY government bureaucracy can effectively regulate them.
Feudalism died because of the early development of larger regional and international markets. Mercantilism, a transition form between feudalism and capitalism, likewise failed when international markets expanded and changed far too quickly for Privy Councils to regulate. When the Socialism/Communism alternative to Capitalism developed, it, too, failed because the State could not possibly regulate its own economy without killing it. And now we are beginning to see that even the Capitalist State cannot effectively regulate a rapidly expanding and changing global economy without morphing into "crony capitalism."
What should replace it? Whatever "that" is, it will develop, like Capitalism, on its own, and not on a University Campus.
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