We're living under true capitalism right now. Look at the incentives. I don't see how we could have progressed to anything besides this, this is the natural outcome of the system in place.

American libertarians often imagine some kind of wonderland capitalism where everyone agrees to play by the rules that aren't enforced by anyone. To my knowledge this has never existed as a long-term equilibrium and it can't exist. I've yet to meet anyone who can tell me how their imaginary ideas go up against claims like

1. Encouraging infinite growth with no controls or limits will always lead to monopolism and is a one-way ratchet

2. Power vacuums are always filled (no public government leads to private companies stepping in and taking the dictatorial role, this time without any of the democracy)

3. Power always corrupts