4 ms·
That’s capitalism
by croes 7mo ago
That’s capitalism
- dmix 7mo agoAs opposed to the rent-seeking copyright industry where 1% goes to the original creators if you're lucky.
- jitl 7mo agoThat’s capitalism too
- dmix 7mo agoTechnically state-capitalism since it's an industry created as a result of congress regulating commerce with aggressive IP laws (aka rent-seeking)
- brookst 7mo agoWhere can I see an example of any other kind of capitalism?
- dmix 7mo agoCapitalism is always underpinned by a strong legal system which is why most criticism is about constraining growth in legislation, not killing off interference outright. Copyright law is a good example of a law that made sense in it's original form but turned into a monster with scope-creep. Although, if we're being realpolitik, every time government interference grows in scope and corrupts markets, capitalism still gets blamed and people call for more government to fix it (see: housing). So the capitalism vs state capitalism distinction isn't very meaningful in practice.
- satvikpendem 7mo agoAs opposed to what economic system that doesn't do this?