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Capitalism will lead to: - Lots of options competing on quality, price, user experience, user needs - Every marketplace innovation that we talk about on this
by brightball 1mo ago
Capitalism will lead to:
- Lots of options competing on quality, price, user experience, user needs
- Every marketplace innovation that we talk about on this platform
So somebody might offer exactly that and if it's a good option, people will use it. If it's not, they'll use an alternative.
Government regulation will lead to:
- Giant entrenched companies that are difficult to disrupt thanks to insider connections
- Lack of competition, price increases, terrible customer service and pretty much everything that "anti-capitalists" today complain about in regards to capitalism.
- a2ff6eeb0 1mo ago*gestures at prices*
- FeloniousHam 1mo agoIn Soviet Russia, prices so low no inventory left!
- kwertyoowiyop 1mo agoIn Soviet Russia, supply demands YOU!
- brightball 1mo agogestures at supply and demand
- CaptWillard 1mo agoQuantitative easing and fiscal stimulus entered the chat a while ago.
- easywood 1mo agoSo, government regulation will lead to all bad things we see today in capitalism? But capitalism won't. This is not very sound logic.
- iamacyborg 1mo agoHey now, let’s not burst his utopic bubble.
- brightball 1mo agoTheory holds so far. Everything government involvement touches gets more expensive. See healthcare, college tuition, student loan debt as some easy examples.
- twalla 1mo agoThat’s odd because spend on all of those things per capita is consistently lower with better outcomes where they’re socialized.
- IneffablePigeon 1mo agoTwo of those are the same thing and both are much cheaper in countries other than the US where the government is much more involved
- throw0101a 1mo ago> See healthcare Medicare is cheaper that US private insurance: * https://www.kff.org/medicare/how-much-more-than-medicare-do-private-insurers-pay-a-review-of-the-literature/ https://www.kff.org/medicare/how-much-more-than-medicare-do-... Also: > A single-payer universal health care system could cover every American, save more than 100,000 lives a year, and still cost $1 trillion less than the system it would replace, according to a new preprint study led by researchers at the Yale School of Public Health. * https://ysph.yale.edu/news-article/universal-health-coverage-could-save-one-trillion-dollars-and-114000-lives-every-year/ https://ysph.yale.edu/news-article/universal-health-coverage...
- landgrave 1mo ago
- seanp2k2 1mo agofor all values of spherical cows in a vacuum
- thesuitonym 1mo ago> Government regulation will lead to: > > - Giant entrenched companies that are difficult to disrupt thanks to insider connections Oh, you mean like Apple, Google, and Microsoft? > - Lack of competition, price increases, terrible customer service and pretty much everything that "anti-capitalists" today complain about in regards to capitalism. Have you looked around? This is already happening.
- brightball 1mo agoYes, absolutely. And it leads to comments like the parent blaming "capitalism"
- LeBit 1mo agoPure hn libertarian moment
- brightball 1mo agoTruth doesn't change with the day.
- mullingitover 1mo agoCapitalism doesn't exist without government regulation. Who's going to enforce the contracts? Who's going to break up the giant entrenched companies rent-squeezing every cent out of their natural monopolies, and then using their illicit gains to crush any would-be competitors as they ooze into other markets? Literally everything listed for 'government regulation will lead to' can and has happened in unchecked capitalism. Insider connections rule everything right now in this current regime of chest-beating 'capitalists.' Capitalism and socialism aren't real things outside of freshman year econ textbooks.
- throwaway85825 1mo agoCurrent government already doesn't enforce contracts. Ex, prime video ads. Further there's no point in having contract terms if they can be changed unilaterally at any time.
- mullingitover 1mo agoContracts are worth exactly as much as you're lawyered up and willing to get them enforced. There is absolutely still a functioning courts system to enforce contracts. The one notable exception is if you're a group of workers and you negotiate a contract with your employer: the state can and will interfere to void it if it prevents the workers from being properly exploited.
- windexh8er 1mo agoCapitalism under the control of a few billionaires who can influence the entire market with FUD leads to: current market conditions.