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So what you’re saying is capitalism is broken or “has evolved” ?

ekianjo 3y ago
crony capitalism
AndrewKemendo 3y ago
It’s actively destructive at this point - arguably been so for quite some time now but now the only way to not see it is to be actively deluding yourself. It’s impossible to sustain even for an individual so they are only benefiting from it temporarily.
asdfasdfasdf222 3y ago
There's a field of study in economics called industrial organization that is all about oligopolies, monopolies and forms of imperfect competition. This is known stuff. I have no idea what you mean by your comment about capitalism, but I think you're likely just confused about different forms of competition. Michael Porter basically just took IO texts and rewrote them for business people. He's a nice entry point if you're interested.
toomuchtodo 3y ago
Matt Stoller refers to it as “Counterfeit Capitalism.” https://www.thebignewsletter.com/p/counterfeit-capitalism-why-a-monopolized https://www.thebignewsletter.com/p/counterfeit-capitalism-wh... https://www.forbes.com/sites/patrickwwatson/2019/02/27/fake-capitalism-is-a-bigger-threat-than-socialism/ https://www.forbes.com/sites/patrickwwatson/2019/02/27/fake-... https://www.wiley.com/en-us/The+Myth+of+Capitalism%3A+Monopolies+and+the+Death+of+Competition-p-9781119548140 https://www.wiley.com/en-us/The+Myth+of+Capitalism%3A+Monopo...
- AndrewKemendo 3y ago
  It’s not new though Teddy Roosevelt was known for trust busting The business plot was literally bankers trying to stage a coup on Washington because they hated FDR https://connecticuthistory.org/gerald-macguire-and-the-plot-to-overthrow-franklin-roosevelt/ https://connecticuthistory.org/gerald-macguire-and-the-plot-...
  - toomuchtodo 3y ago
    I don’t disagree! The only antidote is for the government to come out swinging with overwhelming force.
    - hollerith 3y ago
      Because that's never gone wrong.
      - toomuchtodo 3y ago
        No one else is going to stop them. Things are going fairly poorly as it is.
    - fakedang 3y ago
      Not going to happen when government congressmen have their savings stocked up in shares of these monopolies.

crony capitalism

It’s actively destructive at this point - arguably been so for quite some time now but now the only way to not see it is to be actively deluding yourself. It’s impossible to sustain even for an individual so they are only benefiting from it temporarily.

asdfasdfasdf222 3y ago

There's a field of study in economics called industrial organization that is all about oligopolies, monopolies and forms of imperfect competition. This is known stuff. I have no idea what you mean by your comment about capitalism, but I think you're likely just confused about different forms of competition. Michael Porter basically just took IO texts and rewrote them for business people. He's a nice entry point if you're interested.

toomuchtodo 3y ago

Matt Stoller refers to it as “Counterfeit Capitalism.” https://www.thebignewsletter.com/p/counterfeit-capitalism-why-a-monopolized https://www.thebignewsletter.com/p/counterfeit-capitalism-wh... https://www.forbes.com/sites/patrickwwatson/2019/02/27/fake-capitalism-is-a-bigger-threat-than-socialism/ https://www.forbes.com/sites/patrickwwatson/2019/02/27/fake-... https://www.wiley.com/en-us/The+Myth+of+Capitalism%3A+Monopolies+and+the+Death+of+Competition-p-9781119548140 https://www.wiley.com/en-us/The+Myth+of+Capitalism%3A+Monopo...

AndrewKemendo 3y ago
It’s not new though Teddy Roosevelt was known for trust busting The business plot was literally bankers trying to stage a coup on Washington because they hated FDR https://connecticuthistory.org/gerald-macguire-and-the-plot-to-overthrow-franklin-roosevelt/ https://connecticuthistory.org/gerald-macguire-and-the-plot-...
- toomuchtodo 3y ago
  I don’t disagree! The only antidote is for the government to come out swinging with overwhelming force.
  - hollerith 3y ago
    Because that's never gone wrong.
    - toomuchtodo 3y ago
      No one else is going to stop them. Things are going fairly poorly as it is.
  - fakedang 3y ago
    Not going to happen when government congressmen have their savings stocked up in shares of these monopolies.