By so doing, Capitalism gave Central Socialism an advantage. – bvw

Voters get a great dividend yield from Government. Capitalists have to beat that yield. – bvw

So the growth of capital opened the door to centralized socialism because it implicitly devalued “votes and other forms of public pressures” which sought their “dividends” elsewhere – largely from government.

I’m gonna have to think that through. Sounds a little bit like post-modern Red. But it’s noteworthy that current crisis pivots on wages/benefits versus capital. Maybe let Leo or Dave take a whack at it.