3 ms·
> This is capitalism's biggest flaw: it's based on the assumption that there will be competition The fact that governments allow Microsoft to abuse its positio
by ekianjo 7mo ago
> This is capitalism's biggest flaw: it's based on the assumption that there will be competition
The fact that governments allow Microsoft to abuse its position to force OEMs to install Windows is the biggest problem. This would never happen in a market where regulation ensures healthy competition.
- piva00 7mo agoThat version of capitalism sailed 40 years ago in the USA, antitrust enforcement has slowly disappeared which creates a race to the bottom for other countries who would like their companies to compete against USA's companies. If they enforce antitrust then the behemoths created in the USA by absorbing competitors without antitrust enforcement can eat their lunch, even though it's better for consumers. Unfortunately this also allowed the USA to have companies so large that they basically control the government, changing this now will require massive political will and a political body untethered from corporate interests. I really don't see that happening in the USA, it's been thoroughly captured after so many years driving on that path.
- PxldLtd 7mo agoI totally agree. There seems to be absolutely zero focus on Glass Steagall or Citizens United so I can't see how this actually happens without political revolt at this point.
- PxldLtd 7mo agoYes, the neo-liberal economy we've ended up with has drifted quite far from well-regulated Capitalism. I'd still argue that we owe a lot of our rights to hard-fought socialist policy though.