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Not at all. This is capitalism.
by lawn 11mo ago
Not at all. This is capitalism.
- akira_067 11mo agoSomething something true capitalism has never been tried before
- dist-epoch 11mo agoNo, this is Sparta
- stuffn 11mo agoNot when the government steps in because OpenAI, NVIDIA, Microsoft, etc are all going down together. There is so much pseudo-money-laundering going on between those companies. I would be shocked if the government (e.g. 2008 style socialism for the rich) steps in to make them “too big to fail”.
- stanleykm 11mo agostill capitalism
- OccamsMirror 11mo agoMicrosoft and Nvidia aren't going down. Their stock prices might go down but they're not going down.
- kennywinker 11mo agoExactly - private profits, public losses, is quintessential neoliberal capitalism.
- loudmax 11mo agoIn unconstrained socialism, a small group of powerful individuals use government control of corporations for their personal benefit. In unconstrained capitalism, a small group of powerful individuals use corporate control of government for their personal benefit. Clearly, these outcomes are completely different.
- GuinansEyebrows 11mo ago"unconstrained socialism" is kind of an oxymoron, isn't it?
- brap 11mo agoBailouts are not capitalism
- peppersghost93 11mo agoThey are if they happen under capitalist states, which is what the US is.
- rchaud 11mo agoSo if something is declared "capitalist", it maintains that state in perpetuity, regardless of the actions it takes in reality?
- wahnfrieden 11mo agoNo, but it is a materialist analysis of capitalism in practice, rather than unrealized idealism
- peppersghost93 11mo agoThat is not what I said, nor implied. In the US the means of production are owned by private individuals. It is capitalist. You may not like the form it's taking but it is what it is.
- rightbyte 11mo agoQueues are not socialism?