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And under capitalism, why should I care for the competitors? That unprofitable companies die is what is supposed to drive efficiency! Why mourn the death of a r

And under capitalism, why should I care for the competitors? That unprofitable companies die is what is supposed to drive efficiency! Why mourn the death of a rent seeker?

discreteevent 2y ago
Unprofitable inefficient companies don't die if governments keep propping them up. What they are doing is not capitalism.
- SideburnsOfDoom 2y ago
  So then this in 2009 is not capitalism: https://knowledge.wharton.upenn.edu/podcast/knowledge-at-wharton-podcast/auto-bailout-ten-years-later-right-call/ https://knowledge.wharton.upenn.edu/podcast/knowledge-at-wha... or this in 1979: https://www.investopedia.com/articles/economics/chrysler-bailout.asp https://www.investopedia.com/articles/economics/chrysler-bai...