The rot is in the state: procurement rackets, sweetheart deals, and policy capture by corporations who get access no ordinary voter ever will. When a government sits down with giant asset managers, then magically “discovers” Digital ID is its national priority, that’s not the invisible hand at work. That’s the very visible hand of influence bypassing democratic process.

People love saying “it’s just capital seeking returns” as if that explains anything. It doesn’t. Accumulating money isn’t the issue. Being able to buy policy outcomes is the issue. Once private interests can tilt regulation, spending, and national infrastructure in their favour, you no longer have a market problem. You have a governance problem.

Food banks didn’t explode because Jeff Bezos has too many zeroes in his account. They exploded because governments funnel public money into offshore middlemen, contractors billing ten times the real cost, multinationals avoiding scrutiny, and regulators pretending this is all fine. That’s not the “cycle of capital”. That’s a parasitic state captured by rent-seekers.