> But the mechanism of power differs: In centrally planned systems, control flows from political authority. In market systems, control flows from voluntary transactions and competitive success.
This is a boilerplate theoretical explanation of capitalism which bears very little resemblance to how things actually work in most Western capitalist societies, particularly America.
A cursory glance at the majority of large markets reveals that they are dominated by a handful of massive companies, who use their enormous wealth and influence to steer (centrally planned) political policies, thereby stymying competition and entrenching their position.
This is a boilerplate theoretical explanation of capitalism which bears very little resemblance to how things actually work in most Western capitalist societies, particularly America.
A cursory glance at the majority of large markets reveals that they are dominated by a handful of massive companies, who use their enormous wealth and influence to steer (centrally planned) political policies, thereby stymying competition and entrenching their position.