That’s total nonsense. Socialism and capitalism are both economic, and economics are tightly integrated into governance. To divide the two so wholly is a fool’s errand. The difference between the two lies in who owns the factories and fields. If the factories and fields are privately owned, it’s capitalism. The US has been practicing capitalism since before the declaration of independence was even written. Capitalism is also an inherent hierarchical power structure.
Oligarchy is a political form of governance, not an economic model. Oligarchy can exist in several economic models, but let’s focus on how we got oligarchs in this capitalist system. They were created by exploiting the labor of the working class to earn their wealth, but being rich isn’t enough to them. They use their money to buy power, and then leverage that power to increase their wealth.
That’s total nonsense. Socialism and capitalism are both economic, and economics are tightly integrated into governance. To divide the two so wholly is a fool’s errand. The difference between the two lies in who owns the factories and fields. If the factories and fields are privately owned, it’s capitalism. The US has been practicing capitalism since before the declaration of independence was even written. Capitalism is also an inherent hierarchical power structure.
Oligarchy is a political form of governance, not an economic model. Oligarchy can exist in several economic models, but let’s focus on how we got oligarchs in this capitalist system. They were created by exploiting the labor of the working class to earn their wealth, but being rich isn’t enough to them. They use their money to buy power, and then leverage that power to increase their wealth.