4 ms·
> Here are the ideas Tim. > I could go on, but I think that’s enough. All of those are "bad" ideas. Capitalism isn't actually about building better products f
by tivert 2y ago
> Here are the ideas Tim.
> I could go on, but I think that’s enough.
All of those are "bad" ideas. Capitalism isn't actually about building better products for the customers, it's about making more money for the owners. Sometimes an extremely competitive environment can bring those things into alignment, but that requires a strong, active government to maintain.
However, cutthroat competition reduces the resources available to each competitor, so it's not all good.
Personally, I wonder if the best model would be: extreme cutthroat competition to get the initial product evolved, then once a winner arises, then have highly regulated monopoly maintaining a standardize platform (and then forced to implement the kinds of requirements you outlined)
- atq2119 2y agoThat's basically the thinking behind some of the flavor of market socialism. Allow private companies, and allow or even encourage market competition in many areas, but have some mechanism by which large, established companies move to be increasingly publically controlled over time such that the purely profit seeking behavior can be overridden. Of course, the devil is very much in the details.