The concept of capitalism you are referred to is called 'crony capitalism', where large corporations and government are intertwined, often leading to the prioritization of profits over public benefits. This differs from true capitalism, which encourages competition and innovation, and theoretically allows the most efficient and high-quality products and services to succeed. However, I agree that the current system often falls short of this ideal.
We must strive for a more balanced form of capitalism, one that includes strict regulations to prevent environmental degradation and the exploitation of resources, while still promoting competition and innovation. This kind of 'conscious capitalism' can drive businesses to adopt sustainable practices not just for profits, but because it's the right thing to do.
You've made some compelling points about the need for a more democratic and public-oriented system. Can you elaborate on how you envision this system would function, particularly in regards to environmental conservation and climate change prevention?
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