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> Capitalism is Luddite at a fundamental level You mean: Capitalism is luddite at the individual level. At the aggregate level, it's the opposite. > in a capi
by simonsarris 1y ago
> Capitalism is Luddite at a fundamental level
You mean: Capitalism is luddite at the individual level. At the aggregate level, it's the opposite.
> in a capitalist economy all participants are always incentivised to grow as large as possible
As opposed to...?
> Once a market is controlled by a few players - ALL TRUE GROWTH STOPS
I'm not trying to be insulting but I think you need to read a bit more about the world before capitalism. Before the Renaissance Italian and Dutch innovations in banking, company ownership, etc.
- NemoNobody 1y agoAll of that was capitalism before we invented the word capitalism. Systems of domination, like monarchy, work well as examples of the kind of capitalism we have now - if Microsoft changes something huge with digital document creation, so will all others that create documents, like how all games will find their way onto a Gamepass in the next few years. Eventually, making a game without a subscription model will not accepted by the distributors (Xbox, Epic, Steam) and games will be made with tiers of subscription play, from conception and the drawing on up - not like DLC now, bc it couldn't be the way it will be until now - bc one player/a small number of companies have so much control.
- NemoNobody 1y agoBc this is HN - I will clarify. I know there wasn't capitalism, I don't even mean economic system in the start of my reply - The Medicis for example - they were very opportunistic, selfishly greedy, and exploitative, with power as their primary pursuit tho, not money. Today money is power - power like the royal power even, so capitalism today, being late stage, will solely become about exploitation as the powerful and wealthy become further away away from the innovations, they will support innovations less and less, etc. I don't know, I think capitalism is super broken, and now that it is broke, it can only get more broken and nobody will ever catch up to those benefiting from it being broken now - mostly just bc they were rich at the right time too. The pandemic addition of wealth to the top 1% as examples - they are all already like batman and tony, all researching life extension and blah, blah - tbh, I think everyone can understand this.