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It's companies at the scale of governments - which is a distortion of capitalism.

MuffinFlavored 2y ago
Is it thought that "the creators of capitalism" didn't think through what would happen "late stage" and we are dealing with a "never before in history" mutation of that?
- voisin 2y ago
  Capitalism evolved. That’s like saying “did the first settler of Chicago not think through the future problem of crime?”
- spookie 2y ago
  You could say the same for all economic ideologies. This is why you need checks and balances along the way. Some are more prone to human flaws than others, but the real issue is almost always how greed has found ways to circumvent the methods in place to not allow these mutations to occur. As always, take "pure" ideas with huge amounts of salt.
voisin 2y ago
Then vote for government that doesn’t allow companies to grow to government scale. Western antitrust regulations are not being enforced properly and it is to everyone’s detriment.
- LightBug1 2y ago
  So you agree with the distortion. Thanks. I agree with what you said also, to a certain extent. But then we go down the path of: is there anyone with enforced antitrust on their manifesto? Considering the overwhelming lobby influence of 'government scale companies', will there ever be? I'll suggest: no.
  - trust_bt_verify 2y ago
    I don’t think they stated that they agreed with the ‘distortion’ statement. They only stated that if you believe that is the case, the government would be the one who should regulate that distortion out of existence. I personally don’t believe this is a distortion of capitalism as much as it is just a later stage of capitalism’s inevitable self destruction.
    - LightBug1 2y ago
      I know. I was just trying to find common ground. Forced, but in this day and age you almost have to ... On the latter point, perhaps you're right. The key is whether it's inevitable or not. I don't profess to know.
metacritic12 2y ago
That Google is a monopoly that should be a broken up is a whataboutism. It's intrinsic in capitalism that firms often increase in value as they fire works. Your values determine whether that's a feature of a flaw though.
mordae 2y ago
No, capitalism is distortion of free markets. Capitalism literally means preventing workers from keeping the profits, replacing then with a flat wages. Markets are an important force of progress, capitalism is feudalism all over again. There is no real negotiation going on between employer and employees. If you don't believe me, ask any HR person whether they allow custom contracts.

Is it thought that "the creators of capitalism" didn't think through what would happen "late stage" and we are dealing with a "never before in history" mutation of that?

voisin 2y ago
Capitalism evolved. That’s like saying “did the first settler of Chicago not think through the future problem of crime?”
spookie 2y ago
You could say the same for all economic ideologies. This is why you need checks and balances along the way. Some are more prone to human flaws than others, but the real issue is almost always how greed has found ways to circumvent the methods in place to not allow these mutations to occur. As always, take "pure" ideas with huge amounts of salt.

voisin 2y ago

Then vote for government that doesn’t allow companies to grow to government scale. Western antitrust regulations are not being enforced properly and it is to everyone’s detriment.

LightBug1 2y ago
So you agree with the distortion. Thanks. I agree with what you said also, to a certain extent. But then we go down the path of: is there anyone with enforced antitrust on their manifesto? Considering the overwhelming lobby influence of 'government scale companies', will there ever be? I'll suggest: no.
- trust_bt_verify 2y ago
  I don’t think they stated that they agreed with the ‘distortion’ statement. They only stated that if you believe that is the case, the government would be the one who should regulate that distortion out of existence. I personally don’t believe this is a distortion of capitalism as much as it is just a later stage of capitalism’s inevitable self destruction.
  - LightBug1 2y ago
    I know. I was just trying to find common ground. Forced, but in this day and age you almost have to ... On the latter point, perhaps you're right. The key is whether it's inevitable or not. I don't profess to know.

metacritic12 2y ago

That Google is a monopoly that should be a broken up is a whataboutism. It's intrinsic in capitalism that firms often increase in value as they fire works. Your values determine whether that's a feature of a flaw though.

mordae 2y ago

No, capitalism is distortion of free markets. Capitalism literally means preventing workers from keeping the profits, replacing then with a flat wages. Markets are an important force of progress, capitalism is feudalism all over again. There is no real negotiation going on between employer and employees. If you don't believe me, ask any HR person whether they allow custom contracts.