4 ms·

IMO this a consequence of Capitalism. At some point, when companies get to large, buying regulations becomes the new ball game. This can go both ways, once u bu

by weq 7y ago

IMO this a consequence of Capitalism. At some point, when companies get to large, buying regulations becomes the new ball game. This can go both ways, once u buy your regulation, making it harder for others becomes the next ball game...

x3n0ph3n3 7y ago
What you described is called "corporatism", and we can agree that it's a major problem. Assigning the flaws of corporatism to all of capitalism is to miss all of the good capitalism has done for the world.
- majormajor 7y ago
  We called what we have today capitalism before we realized the bad parts. Now that we've realized the bad parts, we need to change things to address those bad parts. The more logical recipient of a new name is the new, fixed-capitalism you should be pushing for. Saying "oh the bad parts aren't capitalism, that's corporatism, that's different" is just playing word games to try to hide the fact that what we're doing isn't working as-is.
  - thaumasiotes 7y ago
    "Corporatism" is a new word to me, so I'm inclined to agree that it's probably not a good idea to push for its use. On the other hand, there are some much better established words for a close partnership between the state and a set of established major businesses: "crony capitalism" and "fascism". "Fascism" isn't really a good idea either; in modern use it appears to be nothing more than a synonym for "badness".
- mschuster91 7y ago
  > Assigning the flaws of corporatism to all of capitalism is to miss all of the good capitalism has done for the world. At what cost, though? Sure: us Westerners are way better off than 50 years ago, but the effects that capitalism has had on the environment (especially global warming and natural resource exploitation) are on the best way to totally wreck the planet for our children, and I don't want to get started on the plight of those in the poorest regions of the world that have gotten even poorer in the same timeframe.
  - agent008t 7y ago
    Which regions are poorer now than they were 50 years ago?
    - mschuster91 7y ago
      Have you ever looked at the sad state of African textile and agriculture industry? All but wrecked thanks to Europeans dumping old cloths and overproduced food in Africa disguised as "help".
      - JetSpiegel 7y ago
        The African market for "African"-style wax print fabric (the stereotypical African clothing style) is dominated by a Dutch company called Vlisco. https://www.spiegel.de/international/world/fashion-gains-a-foothold-in-africa-a-1273447.html#ref=rss https://www.spiegel.de/international/world/fashion-gains-a-f...

by weq 7y ago

x3n0ph3n3 7y ago

What you described is called "corporatism", and we can agree that it's a major problem. Assigning the flaws of corporatism to all of capitalism is to miss all of the good capitalism has done for the world.

majormajor 7y ago
We called what we have today capitalism before we realized the bad parts. Now that we've realized the bad parts, we need to change things to address those bad parts. The more logical recipient of a new name is the new, fixed-capitalism you should be pushing for. Saying "oh the bad parts aren't capitalism, that's corporatism, that's different" is just playing word games to try to hide the fact that what we're doing isn't working as-is.
- thaumasiotes 7y ago
  "Corporatism" is a new word to me, so I'm inclined to agree that it's probably not a good idea to push for its use. On the other hand, there are some much better established words for a close partnership between the state and a set of established major businesses: "crony capitalism" and "fascism". "Fascism" isn't really a good idea either; in modern use it appears to be nothing more than a synonym for "badness".
mschuster91 7y ago
> Assigning the flaws of corporatism to all of capitalism is to miss all of the good capitalism has done for the world. At what cost, though? Sure: us Westerners are way better off than 50 years ago, but the effects that capitalism has had on the environment (especially global warming and natural resource exploitation) are on the best way to totally wreck the planet for our children, and I don't want to get started on the plight of those in the poorest regions of the world that have gotten even poorer in the same timeframe.
- agent008t 7y ago
  Which regions are poorer now than they were 50 years ago?
  - mschuster91 7y ago
    Have you ever looked at the sad state of African textile and agriculture industry? All but wrecked thanks to Europeans dumping old cloths and overproduced food in Africa disguised as "help".
    - JetSpiegel 7y ago
      The African market for "African"-style wax print fabric (the stereotypical African clothing style) is dominated by a Dutch company called Vlisco. https://www.spiegel.de/international/world/fashion-gains-a-foothold-in-africa-a-1273447.html#ref=rss https://www.spiegel.de/international/world/fashion-gains-a-f...