This is the main lesson of the 20th century that liberals refuse to accept; that the state is controlled by capitalist class interests. Capitalist democracy is a curated racket.
And even if we were to force legislation exactly as described above it can't and hasn't lasted long due to the incentives ($billions) to undo it. They will go as far as to kill people for this, and they have.
Legislation does NOT fundamentally change existing power relations. They have this shit in their pockets and you're just saying that we should have them take it out of their pockets.
The western allergy towards Marxism is one of the most detrimental cultural positions the working class has EVER faced.
It was an ideology that at its height ruled a third of the world including some of the most populous and resource rich territories on earth yet still fell within decades.
The increased income inequality within much of the developed world has happened at the same time as ever increasing state influence over the economy.
"They will go as far as to kill people for this" is rich coming from someone preaching Marxism, for which millions have been murdered.
Libertarians always try to convince us that the corporate boot tastes so much better than the governmental one, but they both taste like leather to me and I at least have a say, however small, on the government.
And it's no surprise they took these positions, considering the FBI originally deemed the likes of "It's a Wonderful Life" as communist propaganda and claimed it "made bankers look bad."
https://www.newswise.com/articles/ruining-your-holidaywhy-th...
> "What's interesting in the FBI critique is that the Baileys were also bankers," said Noakes. " and what is really going on is a struggle between the big-city banker (Potter) and the small banker (the Baileys). Capra was clearly on the side of small capitalism and the FBI was on the side of big capitalism. The FBI misinterpreted this classic struggle as communist propaganda. I would argue that 'It's a Wonderfil Life' is a poignant movie about the transition in the U.S. between small and big capitalism, with Jimmy Stewart personifying the last hope for a small town. It's a lot like the battle between Home Depot and the mom and pop hardware store."
It didn't just "lose", it killed millions of its own people in the process. Having been born in a communist state, I'd rather clean toilets in American than do anything else in the USSR.
Edit: It's basically impossible to communicate the day-to-day misery and deprivation of late stage Communism without sounding like a crazy person. My parents were both university-educated professionals but we lived in a tiny, one-bedroom apartment with occasional hot running water and only newspaper for wiping after the bathroom. This was considered a rather affluent existence.
To find something similar in today's America you'd have to go to the worst, most impoverished parts of town and even then...
So it's just not fair, your comparisons. You're not looking at the whole picture.
Go to Ecuador to clean toilets and you'll see what capitalism does to workers.