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The most enlightening comment is "capitalism breeds innovation" (told sarcastically), but it's incomplete. The complete version is "Capitalism breeds innovatio
by bayindirh 3y ago
The most enlightening comment is "capitalism breeds innovation" (told sarcastically), but it's incomplete.
The complete version is "Capitalism breeds innovation for getting consumers' money out of their hands".
- CamperBob2 3y agoWhat system do you recommend instead?
- bayindirh 3y agoThe shortest answer is "a system with strong pro-consumer regulations where you can't buy people and laws legally and illegally". This idea proved to be a nice one, but unfortunately it includes humans. In a more broader sense, we needs checks and balances. A better version of this idea is a "bigger government", where government not only regulates, but builds the baseline products which pushes other companies to compete to build better goods. But this generates tons of brouhaha. It's called "communism", "non-free markets", "government intervention", etc. In reality, private companies hate and despise real competition, because a corporation is (or has become) an establishment for generating shareholder value, not make customers happy beyond the level required to keep the company afloat.
- momirlan 3y agoi think "consumer protection" laws is a good start. "bigger government doesn't quite correlate with "better product".
- ilyt 3y agoYup, competition breeds innovation but captialism will do everything it can to not have to compete. Patents, secrets, pirce fixing, and walled gardens, anything but trying to compete on actual product