With lobbying, campaign financing, and regulatory capture, the rich and corporations effectively are the government.

> That rising inequality is leading to poverty is a failure of government, not corporations or capitalism. Why introduce a layer of indirection by blaming the rich or corporations, when the rules are made by government? Blame the government directly.

This implies that capitalism is not capable of self-regulation and therefore requires government intervention. It follows that this is a joint failure of capitalism and governments to reduce negative externalities that lead to high wealth inequality.

> Let reddit handle the economic ignorance.

Please don't include implicit ad hominem jabs at other posters. You could have omitted your first sentence with no loss to your argument.

So good things are a result of capitalism, and the bad concomitant outcomes are due to "globalization, AI" and "failure of government"? Perhaps there is a link between the cheap Walmart milk in your fridge, record Walmart profits, automation (self-checkout), hardball supplier negotiations and rising inequality as indicated by Walmart employees also being on SNAP.

Which country was first in space, and led space-related innovation?

Capitalism didn't invent or produce computers or milk. Workers did.

Capitalism is just a wealth distribution mechanism on top of innovation and labor that only concerns itself with how the wealth generated by workers is distributed.

We can choose other mechanisms of wealth distribution.