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lapcattoday at 2:11 PM0 repliesview on HN

Capitalism as we're taught from economics textbooks does not exist in our reality. The theory is that sellers are supposed to compete among themselves to attract consumers. Instead we have local, state, and even national governments competing among themselves to attract sellers. And of course political election campaigns are mostly privately funded, so even the kind of competition that does exist is rarely "meritocratic," and it's certainly not democratic (small d). The wheels are greased in various ways, with campaign contributions in office and cushy corporate jobs afterward. You might say, "the public should stop electing corrupt representatives," but again, our political system is based on private funding of election campaigns, so the system practically requires financial corruption. The political duopoly is an advertising duopoly: politicians can't spread their message without money, which is why alternative parties are trapped forever in obscurity. Advertising is the price of admission to the debate. The for-profit news media conspires in this system by refusing coverage, and media-sponsored debate invitations, to candidates without money, allegedly because they're not "viable," a Catch-22 situation.