Capitalism was kept in check by the Soviet Union till the 1990s.
So many nice policies that western governments in Europe and US implemented were out of fear of communism, fear that people may revolt. Once that threat was gone, the politicians started favoring corporates more and more. Ever since then, capitalism has slowly become completely unhinged because of zero competition.
The world needs a strong pushback against these monopolist corporate powers.
Oracle layoffs 30,000 employees and stock is up almost 5%.
But if people don't have jobs, they won't earn then who will consume these products? Whole system is broken.