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Bitwarden New CEO has extensive M&A, Private equity experience, Removes Transparency from its Motto
(www.fastcompany.com)
this post was submitted on 15 May 2026
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Accumulation of power is a common motive regardless of political system. Money is just one way power gets expressed.
Not claiming our system is perfect by any means. But this thought, to me, always felt like kicking the can down the road.
I think there's a difference though, in that capitalism rewards this kind of innate motive, while socialism doesn't, so I think it would be much easier to build a system based on that that's not fucked from the foundations like capitalism is. The societal benefits of capitalism always feel like an accidental side effect at most, when it should be at a heart of any economy system.
Also it definitely seems that holding power over others warps the human mind, so I would definitely advocate for distributing policy-making power as evenly across the population as possible.
Kicking the can down the road implies you have a better solution?
A solution that stops evil people from being greedy for all of future society, gaming whatever our system is to hoard resources? No, I don't.
Whether under capitalism or socialism, either system would need frequent attention and intervention by thoughtful, socially responsible people to watch for abusers of the system.
Right, but Capitalism incentivises this behaviour, thus making the checks and balances required both more robust and needing to be applied for regularly - while the powerful are capable of preventing this.
On the other hand, Socialism has incentives that are completely different - managing the abusers would be a much simpler task.
That might qualify as an argument but the enshittification of everything hasn't gained anyone power, only money. Cuba was curing cancer before we started more war crimes in order to prove socialism doesn't work, while we're financing fast food.