In competitive markets that's how it worked. What we have now are mega corporations who build monopolies by buying out the competition or sending them broke by brute force. Then once the corporation has a stranglehold they are free to cheapen their products and services and/or jack up prices knowing they have no competition. That's why formerly quality brands are constantly becoming poor quality trash.

Inherited wealth leads to spoiled, privileged idiots who have grown up thinking they earned their lives through talent and hard work, when in reality they've just been failing upwards while the family money and connections have been covering their asses.

In late stage capitalism, those idiots have amassed enough wealth and power to make them a genuine threat to all of us. If you can't see that happening already then I have to assume you're one of the many people who are just beyond help.

That would be on the electorate voting for that. In a socialist democratic government, the electorate has the power to recall officials anytime with a vote, for unsatisfactory performance and wastefulness. Any fraud, waste and abuse (which currently was estimated at around $135 billion dollars, out of a total budget of $7.1 trillion dollars), accounts for 1.9% of the national budget.

The top two in vulnerability to waste are Medicare and Medicaid, of which a significant portion is payments made to fraudulent payees. The DoD is right up there too, in terms of waste.

It’s VERY hyperbolic to say government programs are incredibly wasteful. 1.9% waste out of the national budget is pretty impressive. Still, there is room for improvement, but if citizens don’t have access to direct democratic process, versus a corrupt Republican capitalist system, change is an uphill battle.

I have that same problem now, because my healthcare costs so much and I'm young and healthy! If only there was a cheaper way to pay for that like every other developed nation in the world does.