I love the other comments you made, but I want to point out one other thing: How did those privileges come about? That is, what were the conditions that led to the government taking the power to grant companies de facto monopolies?

In some cases, it was an unintended consequence of political conditions. For example, private insurers came to rule our healthcare system because of a cap on income to raise funds for WW2. In order to get around this cap, employers offered non-cash benefits and the rest is history. Libertarians love this one, it’s pretty cut and dry that a form of socialism shot itself in the foot.

However, there are many other cases where it was an unintended consequence of regulation written in blood. An easy and popular example is the FDA. Making food and adhering to food regulations at scale is definitely something that requires so much up front capital that it has been favoring existing corporations for quite a while, leading to a relatively small number of companies controlling a huge portion of the food supply. But that regulation came about because companies large and small, unfettered and unrestricted, were adulterating the food or cutting dangerous corners to maximize profit. The solution can’t just be less regulation, those same companies will continue to dominate but now with the ability to outright feed us poison while buying or otherwise destroying any competition.

The state is the historical apparatus that manages the inherent contradictions between classes. It administrates capitalism for and by the ruling class. Capitalism is maintained by the state, the state sustains capital and private property, through violence.

Capitalism is a form of class domination, various forms of slavery stitched together to exploit the masses for the benefit of the few. Only a democratically organized working class can “fix” capitalism, by eradicating it. The government is the apparatus that temporarily fixes the contradictions of capitalism, but the relations defined by this irrational, inefficient social system (unless you consider monopolies efficient) are what state governments under capitalist rule try and eventually fail to “mitigate”. The contradictions compile until you have an economic crash, which is actually good for monopolistic capitalists who can purchase the productive capital of their competitors at a fraction of the cost, leading to systematic downsizing; while the rest of the population suffers recession, inflation, and mass indignity.

The poor exist because there are rich. The capitalists are in control, as a class, and governments merely mitigate the worst tendencies. This is why reformism isn’t a long term strategy. Capitalism can’t be reformed, it can only be replaced.

And if we, the working class will be able to replace it with a system of greater freedom, equality and democracy, then the aims of socialism will have been reached without the “authoritarian” tendencies becoming reified in any significant way.

You can have your doubts about this, but your libertarian perspective is one of false appearances. If you want to understand the state and the economy, it must be considered as a series of relations brought about by human activity, using the tools laid before us by history and nature. If you think of the world like this, considering the subjective nature of politics and the economy, such as incentives, motives, etc., then your investigation will uncover the true relations that comprise this mass wage slavery to the billionaire class, known as capital.

Please elaborate.

As far as I know a very important side effect of the capitalism is the great concentration of power (aka money) in just some small individuals and how this creates an oligarchy which the only objective of extracting value form the other layers of the society. And of course the self perpetuation.

This have been happening since monopolies were created since centuries ago.

I really want to see how a system that by nature is concentrating power in some individuals really is really a de federated thing.