For centuries, market competition has been the driving force behind historic advances in technology and production. Innovations like industrial farming and assembly-line manufacturing signaled a major quality-of-life increase for hundreds of millions across the globe.
The system is certainly not without its consequences — but as history goes, it sure beats toiling the mud of a petty lord under feudalism, the world-system that came before.
However, after the mass financialization of the 1970s and the advent of Reaganomics — the hands-off approach to corporate regulation that took hold in the 80s — business interests have increasingly stymied progress in favor of monopoly capitalism, seeking profit from every possible source and bringing the system’s long-standing inequalities to the front