Just a couple questions. Wouldn't a socialist system be obliged to channel through a government as the mechanism of it's implementation for the society at large? So not necessarily a perversion of the system? And wouldn't capitalism at it's extreme ultimately result in a continual attempt at growth that finally ends with all the assets controlled by one huge entity, like Amazon? After all the buyouts are finished?
I do agree the govt does create many of the problems but their corrupt administration of the laws is still a product of selling out to the highest bidder. Basic human greed combined with the authority to pursue it, as it were. Yes that debate of capitalism/communism does distract from the oppression of govt but the govt does not operate in a vacuum. It is a body of corrupt greedy people swayed by the dollars where ever they may come from. In my part of the world 3 large family corporations hold huge sway on our governance and have done so for many years. Thus they are awarded with monopoly like status
Socialism inherently results in non-voluntary wealth transfer, ie theft. People don't generally tolerate theft from other people, which also includes corporations. Detecting the theft might be a challenge, but once detected personal and corporate theft is generally despised.
Government is really the only entity which can commit the mass the theft necessary to sustain socialist wealth redistribution for any length of time. While personal theft is not tolerated, people will quickly given in to coercion, usually disguised as nationalism, when it is the state doing the theft. Further, because peoples economic literacy is so poor. states will often outsource the theft to so called 'private' central banks to do the theft through inflation.
Capitalism as its extreme has zero state intervention in the market place. In such a system, hegemonic monopolies like amazon or facebook or apple simply aren't possible.
Big corporations are inherently inefficient. They require greater coordination, larger over heads, significantly more complicated business plans, greater degrees of systemic risk etc. Only when governments subsidize these things, or create significant barriers to entering the market can such corporations achieve monopoly status. If you lift the corporate veil you will find that there has never been a a significant corporate monopoly that wasn't significantly supported by government.
If you want to complain about Canada's big three telecommunications companies and their monopoly on telecommunications services, just call CRTC and ask them whats required to get an operators license to compete.
Virtually all licensing regimes, for all industries everywhere create barriers to entry that stifle competition. Consider supply management in the dairy industry. All of our massive corporate farms that manage to always get visa for foreign workers paid well below minimum wage, while independent owner operator farms just can't seem to get approved.
There was a great documentary a while back about the chicken industry, a chicken farmer that tried scaling up to compete with the big boys, and the obstacles they ran into.
Start ups will always be more agile, more responsive, with better newer products and lower costs and over heads. Whenever some corporation gets big and rich with a good idea, in a capitalist economy there will quickly be a swarm of start ups eating into the profits and market share of the corporation. Only when the state intervenes to squeeze out those competitors can you get an amazon or a google.
Problem isn't that there are bidders trying to buy power, or that greed motivates people to accumulate more. The problem is that there is a system of power that can be bought, and when you buy it, you get to play with a special set of rules that virtually guarantees your continued success at everyone elses expense.
I'll bet those 3 large families have a revolving door relationship with big corporations, big banks, and big politics.