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..appropriation of their wealth by the FIRE sector of the economy..
Indeed. Private monopoly sector crowds out private market (competetive) sector in accelerating phase via the help of and by finance (money monopoly). All finance goes to that sector that gives the highest yield, and that is always the monopoly sector that captures all surplus from the markets, especially debt leveraged capital gains. That leaves no purchase power to labour. Only by keeping public wealth in the control of government can private markets be saved.
So, unlike santiago says there is no zero sum game between government and private markets.
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