were able to buy the government.
The Father of modern capitalism, John Adams wrote in 1776 Wealth of Nations and gave us a market driven economy that worked efficiently. He stated in his book that corporations must be regulated by the government to discourage monopolies.
Along came Neoliberalism and that killed it. It brought us the Best Government money can buy and monopolies. Remember back in the 50s when when the highest tax rates for the rich were in the 90% range? Of course there were deductions for investments for investing in new capital like factories and infrastructure.
Not anymore Citizens United allowed investing in politicians. Buy tax breaks for investments.
No longer efficient for the masses. The most efficient model is the worker owned business. Where the worker earns more when his or her efficiency pays off for them. Look at Costco, workers earn more when the company does in there wages and stocks. That means they get to vote in board meetings. They have a say and get rewarded for it with more wages and stock.