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> For one, I appreciate Capitalism, and the stock market, on the other hand, doesn't appreciate it. It kills "cautious" companies and keeps alive companies tha
by dheera 5y ago
> For one, I appreciate
Capitalism, and the stock market, on the other hand, doesn't appreciate it. It kills "cautious" companies and keeps alive companies that have a revenue model, even if that revenue model comes at the expense of safety.
- 35fbe7d3d5b9 5y agoWhat does that say about capitalism?
- q-big 5y ago"Capitalism" means that the customer decides which company gets the money by his buying decisions. So, it says about capitalism that few customers actually care about safety when they do their buying decisions (the market then delivers according to these chosen priorities); customers rather complain when their conscious buying decisions turn out to be bad ideas (instead of accepting these as consequences of their buying decisions).
- jessaustin 5y agoAgain, we see a conflation of "capitalism", in which rich people decide everything, with "free markets", in which consumers have some autonomy. In USA, where cheap at-home Covid tests are still not widely available, guess which one we have? https://slate.com/technology/2021/09/covid-rapid-antigen-testing-fda-approval.html https://slate.com/technology/2021/09/covid-rapid-antigen-tes...