I mean, hypothetically. That is the end result of the neoliberal, or late capitalism economic philosophy if applied on a model. But economic systems in practice are never the philosophy, and are only there in the first place to support the governance of a nation state. I spend half my time in Italy, for example, where the laws protect both the big international brands and the mom and pop shops.

My point is that we are the citizens that make up the government that designs the governance rules for our nation-state. Capitalism is not a government, or people, or the entire story when it comes to commerce and trade systems. We can shape it and use it, like any other framework.

Likewise, regardless of your economic system, greedy people will try to accumulate power, bend the rules to benefit themselves, and extend those benefits across borders if they can. Powerful egos will warp people and rules around them like gravity. All governance systems that strive to be just, collaborative and promote the quality of life of all its citizens have to both put strong rules in place to check the power-hungry, and constantly monitor and adapt to keep them in check.