Is financial capitalism as internally flawed as socialism is at its extreme? There’s a good case for that.
If it is, will our fate be similar to the Soviets?? I suspect they suffered from a similar problem as we do today. When the system began to break down, it wasn’t possible to spot the underlying systemic problems. A combination of ideological blinders, kleptocracy, and inertia took over.
And what’s the point, for example, of even trying to invest in the stock market when they drop interest rates to zero to benefit investment banks while others get foreclosed, and when it becomes increasingly apparent the whole game is rigged and corrupt.
But people across the political spectrum are now getting angry at the corruption and favoritism. This could lead to real change.