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The only way to prevent large, billion+ dollar corporations from existing is via highly intrusive state regulation, so people who are appalled by the monopolist
by 3grdlurker 6y ago
The only way to prevent large, billion+ dollar corporations from existing is via highly intrusive state regulation, so people who are appalled by the monopolistic and authoritarian behaviors of big tech should really be asking themselves (1) whether they are against capitalism, because there isn’t a model of optimizing economies for market freedom and profit that disallows the existence of billion/trillion dollar companies, and (2) whether they are okay with breaking up the concept of a “nation-state”, since its size requires it to have large economies.
- anonymou2 6y agoWhat I find amazing is that in this capitalist world, these companies are really against private property (yours, not theirs) I am not sure if private property is in the definition of capitalism, probably not, so there may be no contradiction. But still it is really amazing.
- pmontra 6y agoCapitalism is about using capital to produce something. Capital and the means of production are privately owned. This is the opposite of communism, which lets people own things but not the production system (actual implementations might vary.) It's in the spirit of capitalism to be competitive so don't be surprised if those companies want all those things from us.
- heavyset_go 6y agoIt's ironic, because the delineation[1] between personal and private property is often blurred by capitalism, yet it is laid bare in this example. [1] https://en.wikipedia.org/wiki/Personal_property#Personal_versus_private_property https://en.wikipedia.org/wiki/Personal_property#Personal_ver...