this post was submitted on 17 Feb 2025
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They aren't even capitalists anymore.
Of course they are, oligarchs are a necessary product of the system operating over time because capitalism is fundamentally designed to concentrate wealth in the hands of a few.
Yeah but eventually it becomes impossible for other people to get their own capital other than their labor. At that point is it really capitalism anymore are evolution into something else?
That's literally how capitalism has always worked. People who own capital exploit those who do not and are forced to sell themselves as wage slaves. That's how surplus capital is created.
how is there even an oligarchy then?