Most CEO's today, don't make their money by providing goods and services to the market, they make the bulk of their money from stock buybacks financed (indirectly) by the central bank. The minute they decided to do the 2008 bailout, this was inevitable. The central bank set interest rates to zero for 10 years to "save the system". But the thing is, if your corporation (for example) was earning 7% per year, and the Fed is loaning into the market at 0-1% per year, then this guarantees that an infinite amount of money is going to flood into buying your stock till that value gets maxed out.
None of these corporations are beholden to the market anymore, they are all beholden to the system. Every last one of them is sucking the tit of the government imposed central bank to get their milk. Of course, not even stock buybacks can make your company survive if you can't produce anything of value for the market. But the system has a solution to this too, have the government effectively print up money and bail everybody out all the time. Once again, they have become more beholden to the government than ever.
However, the market is not just about a bunch of assholes throwing around money. The market is also a tool for clearing out behavior and actions that are unproductive for society. When the market isn't allowed to perform that clearing function, then unproductive behavior tends to grow out of control like a cancer, create instability, and overrun society. And behold, now we have woke culture and political insanity everywhere.
The federal reserve has been the government since 1913…
In theory it's private, but in practice is a marriage made in hell. The government gives them a ready made banking cartel, and in return, they give the government endless cheap financing.
A private group appointed by the Executive Branch of the US Gov...that’s the very definition of crony Capitalism.
I ask you to consider any private person/group that willingly engages with state actors to not be private, including big corporations.
Is it really a marriage made in hell for them?
Agreed. I would even feel safe claiming 'private corporations' have been the government since before America declared independence. It all just evolves with the times. .
But it's got to be one or the other for most people for some reason. Or more accurately, when corporations do something I don't like, it's evil capitalism. And when the government does something I don't like, it's evil tyranny. But if either do something they I do like then it's just the will of the people or whatever.
That is literally the only thing you know about the Woodrow Wilson administration. How about you take a month off and actually read right-wing history instead of spamming 1488 talking points and idolizing King James