Old style neo-liberal capitalism has been replaced, during the Covid plandemic, by a nastier viral version of global capitalism, based upon a more intense oligarchic and authoritarian mode of power, a type of neo-feudalism. It is a moot point whether of not this should called “capitalism” or not, since it is not based upon any sort of competition that Adam Smith would have recognised, but the intense concentration of power into the hands of a few mega-corporations of Big Tech and Big Pharma such as Amazon, Apple, Microsoft, Alphabet (Google), Facebook, Pfizer, Johnson & Johnson, AstraZeneca and Merck. In turn these mega-corporations are owned in the main by two groups, BlackRock and Vanguard, who in turn are owned by the world’s richest families. That is how the world is now ruled.
https://unherd.com/2022/02/covid-has-created-a-capitalist-nightmare/
