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I agree this is not how capitalism is supposed to work in the spirit of the version that many democratized nations were sold. But I also agree with another down
by void-star 6y ago
I agree this is not how capitalism is supposed to work in the spirit of the version that many democratized nations were sold. But I also agree with another downvoted post, in that this has become the expected behavior. I guess the point is that VC didn’t start this fire, it’s just the latest incarnation of what seems to be the endgame of capitalism. Proponents of capitalism sell a version of it where innovation and efficiency are rewarded through a kind of economic Darwinism where the fittest survive. But it isn’t hard to find examples that show it is capital itself that drives success and allows the unhealthy and unfit to prosper at the expense of superior competitors or even entirely alternative industries.
- benjohnson 6y agoI think the problem is that “fitness” now includes governmental regulatory capture, mass-media manipulation, and human rights abuses.
- eeZah7Ux 6y ago> not how capitalism is supposed to work in the spirit of the version that many democratized nations were sold AKA: people were misled.