Um. This could happen under a socialist economy too. Except the economy wouldn’t be controlled by a handful of elites lobbying the hell out of our government.Um. This could happen under a socialist economy too.1Shelby McCowanMaurits de RuiterAug 18, 2020·1 min readIf this is what you think capitalism is, you should read up on that too. Also, if you think that isn't possible in a planned based economy in a socialist state, you're just naive.