I mostly agree with you, though I would say what we're seeing is late stage capitalism. Early stage capitalism (US 1790s-1860s) was much less intrusive and more entrepreneurial.
As with any system of government, over time, more and more interest groups will work together to live off the productivity of the rest of society. The group is always more powerful than the individual. This trend continues like a cancer until it reaches the laffer curve, society collapses, and is forced to rebuild again. Then the timer is reset.
This is the Anatomy of the State
As with any system of government, over time, more and more interest groups will work together to live off the productivity of the rest of society. The group is always more powerful than the individual. This trend continues like a cancer until it reaches the laffer curve, society collapses, and is forced to rebuild again. Then the timer is reset.
This is the Anatomy of the State