...if the means of production is owned by people who do no work, in an M-C-M‘ model, then wealth will always concentrate, because of the M’. Concentrated wealth will inevitably build institutions that look very much like a state (like the WTO, IMF etc.) – with regulations, propaganda and preferential treatment for the M-C-M‘ model and its beneficiaries, and with ultimate recourse to violence if people transgress. And then we’re back to crony capitalism. So from this viewpoint, any kind of capitalist, M-C-M‘ model will ultimately result in crony capitalism, and destroy democracy and ecology.