Capitalism and government are intertwined

Foreign Affairs: A postliberal world now awaits, one in which a capitalism shorn of its liberal qualities may predominate. The alliance of democracy and capitalism, born in the wake of the Industrial Revolution of the late eighteenth century and the widening suffrage of the nineteenth century, may simply have been one chapter in a grander epic, a phase that conjured the illusion that people had to be free for societies to prosper. After all, before its liberal phase, capitalist societies often depended on slave labor and colonial monopolies. This gloomy consensus holds that now, in its postliberal phase, capitalism may just be returning to some version of its past.

My Opinion: The industrial revolution was powered by slaves and colonialism. When capitalism began it was used to fund wars and conquest by authorities. We are returning to the roots of capitalism. With the authorities working with capitalists to extract wealth and control society.

With the two largest economies being run by authoritarians, in global competition for resources, markets, and power. With poor countries supplying slave labour to build their products, and markets for their products.

It is best when authorities are separate from capitalists. With decentralisation of wealth and power. But now, we have huge inequality in wealth and power, within nations, and between nations. And there is cross infiltration of business and government.