It just seems like this system is capitalism with extra steps, but the extra steps involve replacing the exchange of money with the peddling of influence. The capitalists are replaced by administrators, the hierarchy of wealth is replaced by rank in the decision-making apparatus. I get that it's supposed to be democratic and protect the interests of the public, but so too is our regulated hybrid public-private system and we see how well that's going. It also seems like, where our market system began as distributed and decentralized, which was a strength, and began to be ever more concentrated as businesses consolidated and corrupted government, this new system starts consolidated and married to government. A lot of people would say this is too much power in the hands of the state, and ripe for theft by an autocrat. I'm not saying it's impossible for this to work, but the systems I have seen work best are those where the market does what it does and the government reigns in its worst tendencies when the motive of profit conflicts with the needs of people.
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