Monica,
As Michael Hudson points out in his book, Forgive Them Their Debts, it is a dynamic that has gone on since the dawn of civilization and the beginning of money.
The basic problem is that money functions as an accounting device and social contract, necessary for mass societies to function, but it is viewed as a commodity to mine from society. Markets need money to circulate, while people see it as signal to extract and store.
So to turn the tables on the predatory lending/disaster capitalism/compound interest by which all value is siphoned out of society, we need to come to terms with the fact that money is the quintessential public utility, like roads and has to be treated as such.
Given we are heading towards a monumental social, economic and financial disruption, it does raise the opportunity to fully examine the feedback loops driving this dynamic and why circuit breakers, aka, banking regulation is necessary.
The issue then, is to get beyond this current capitalism versus communism dichotomy that is used to distract attention from any deeper understanding.
How difficult is it to understand that a market economy needs money to circulate, not simply accumulate as much as possible?
I've certainly tried finding like minded people on medium, since it seems to be the only internet domain focused on long form thinking, but it just seems there isn't any grass roots interest in thinking through the causes, rather than anguishing over the effects.
I don't think though, that we are heading toward totalitarianism, because it is predicted on a powerful central governing principle or authority, such as Europe and Asia have tribal and monarchial histories. I can see us breaking down into various feuding states, spiraling toward oligarchy, but of a more militaristic nature, than current society thinks is possible. When the bureaucrats and bankers lose control over the people with the guns, it won't be the college professors in control. All this woke culture is only breaking down respect for current systems, it's not going to be the foundation for the next. More like cartels, than rainbows.
