That the rich get richer is just math, not a value statement.
Preferential attachment in the absence of proactive redistribution leads to accelerating inequity.
As you know, too much inequity undermines democracy.
If we want a Liberal, democratic society, we need progressive policies. Some mechanisms to offset windfall profits, level the playing field. Debt jubilees, entitlements, UBI, Keynesianism, something.
While I'm (very) sympathetic to "late stage capitalism" rhetoric, I think it's besides the point. Inequity predates capitalism and won't be remedied by eliminating capitalism.
Preferential attachment in the absence of proactive redistribution leads to accelerating inequity.
As you know, too much inequity undermines democracy.
If we want a Liberal, democratic society, we need progressive policies. Some mechanisms to offset windfall profits, level the playing field. Debt jubilees, entitlements, UBI, Keynesianism, something.
While I'm (very) sympathetic to "late stage capitalism" rhetoric, I think it's besides the point. Inequity predates capitalism and won't be remedied by eliminating capitalism.