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I think what the article is alluding to is that "rational behavior" is relative. The behavior by large, established corporations to suppress competition, engage
by abvdasker 6y ago
I think what the article is alluding to is that "rational behavior" is relative. The behavior by large, established corporations to suppress competition, engage in rent-seeking, regulatory capture and short-term profit extraction is only rational within the current incentive structure and regulatory environment.
Both the author of this article and Andreessen know too little about the alternatives to our current mode of production to really diagnose the problem, let alone offer solutions. The economic problems facing the US lie outside of their vocabulary, so the best they can really imagine are vague ideas to "build", though I appreciate that Isaac Wilks at least understands that building with a kind of conscientious intention can never be divorced from politics.
Andreessen's original article comes across as almost laughably naive.
> I’m with Nicholas Stern when he says that capitalism is how we take care of people we don’t know — all of these fields are highly lucrative already and should be prime stomping grounds for capitalist investment, good both for the investor and the customers who are served.
For some reason I always imagine people with Horowitz's level of wealth and influence as being smarter and more knowledgeable than they are. Anyone who dismisses possible solutions derived from criticism of capitalism so easily is not really serious about finding a solution and should be dismissed, no matter how much money and influence they may have.