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Sorry, friend, but you're on a website created by a "startup accelerator" company surrounded by people who genuinely believe in capitalism and the free market,
by TheDong 3y ago
Sorry, friend, but you're on a website created by a "startup accelerator" company surrounded by people who genuinely believe in capitalism and the free market, and have strong libertarian streaks.
The point of startups and VCs is to create _private_ wealth for individuals by either taking money from the poor (they deserve it, they weren't smart enough to learn to code or to become startup founders), or from the government (it would be wasted anyway).
China is obviously worse than the US because the government exerts more control, and so there's really only 1 entity that owns everything (the government), so clearly it has an even worse anti-trust problem. No one can compete with the government fairly, right?
Whereas in america, the government will not stop you from making the 20th "AI Driven Auto-Crypto-Investment Smart Brokerage with Ads" that steals money from the poor (regular americans) and gives it to the rich (VC investors). Heck, as a "small business" you can get some nice preferential treatment to fleece people.
- Garvi 3y ago> China is obviously worse than the US because the government exerts more control Obviously. Did you ever consider that what you call "state control" in an Orwellian manner, is called regulations in other circles? You're arguing an unregulated market is the height of capitalism. In reality such markets always monopolize and form entities closer resembling Stalinist era state monopolies than what you would call capitalism. China will out-capitalize the US, which is drowning in corruption. But apparently learning from your "opponent" is not something that is even permitted to be thought about. But then again everybody knows fighting corruption is good. It's just that when it's the Chinese doing it, it's called "taking out the political competition" in our media, even when completely unfounded. In the US, letting corporations get away with way too much is called freedom.