The economic system we currently have could be described as state-subsidised corporatism. The state buys services from corporate companies. The services are provided at many times the cost it takes to produce them. Sometimes they aren’t provided at all but the corporations still get paid. Financial benefits from economies of scale accrue to the producers not the people.
Some examples from these various categories:
- The NHS spends more than £31 million each year poisoning young people with toxic drugs to manage their impulsive behaviour in school. The drugs are sold by US pharmaceutical companies. Far from being a social good