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In my opinion the main reason the Soviet economy collapsed (apart from outside pressure), was the state owned sector wide monopolies. It is also in the webs ow
by Garvi 3y ago
In my opinion the main reason the Soviet economy collapsed (apart from outside pressure), was the state owned sector wide monopolies.
It is also in the webs own nature to nurture monopolies for two seemingly contradictory reasons:
1.) Switching to a competitor is just a few clicks away. Moving everyone to the one that provides the most for free (dumping laws ignored as per usual).
2.) Switching to a competitor is hard, because all my social contacts use :thisService:. (now that the competition is dead, you turn the screw on the user: enact subscriptions, censor information, selling of private data, increase ad noise, etc.).
Not breaking up monopolies will inevitably lead to the same result - people will be exploited to the point of real harm and will eventually revolt.
- 0xDEF 3y ago>In my opinion the main reason the Soviet economy collapsed (apart from outside pressure), was the state owned sector wide monopolies Interesting how China's model with multiple state owned entities competing against each other compares with the Soviet model. However China is practically a capitalist country now. Chinese SOEs make up less of the Chinese GDP than Italian SOEs make up in the Italian GDP.