Capitalism isn’t using the money from your citizens to bail out every rich person who messes up at capitalism so much that it’s actually a viable strategy to tank businesses to get bailed out.
That is the end stage of capitalism.
Capital has political power, over time the capital get accumulated, the capitalist have more and more influence over the state which leads to faster capital accumulation etc..
Monopolies are natural outcome as well. In a competition someone has to win, winner gets to grow, which sets the winner in a better position to compete in the future/buy out the competition.
And then we have the hyperscalers. You just throw the money at the problem, run the bussnies unprofitable for years to drive out the competition and once your monopoly/duopoly/oligopoly position is secured you strat jacking up prices and essentially transforming bussnies into a rentier model where you just extract the surplus value from consumers.
We’re a socialist country for the rich.
Yup. That's capitalism alright.
We can’t claim to be capitalist when the concept of making a better product doesn’t mean forcing the competition to adapt, it just means the competition pays enough to crush the competition of the owners let it die and make out with a golden parachute that then they use to buy into the new one.
It's not true that capital has political power? How exactly?
It's not true that the natural outcome of market competition are monopolies? How exactly?
It's not true that Socialism for the rich is capitalism because the rich are the ones who control the politics in capitalist society? How is that not true?
None of what you wrote is true. The person you're replying to is correct and you have a very rudimentary understanding of economic systems.
I can play the same game.
None go what you wrote is true. The person you're replying to is correct and you have a very rudimentary understanding of economic systems!!
Again, your understanding of capitalism is rudimentary and deeply flawed.
You didn't explain why?
I suggest you read more
I have read Herbert Spencer, John Locke, John Stuart Mill, Adam Smith, William Stanley Jevons, David Ricardo, Carl Menger, Ayn Rand, Milton Friedman, Keynes...
What else do you suggest for me to read? :)
I suggest for you to educate yourself more, clearly you have no substantial opinion aside from defending a death cult that is capitalism.
For the nth time, absolutely none of what you wrote is true. You can't seem to comprehend that you've brainwashed yourself to believe something that is not true.
If you had actually read those authors, you would know this.
For the nth time, absolutely none of what you wrote is true. You can't seem to comprehend that you've brainwashed yourself to believe something that is not true.
For the nth time you have provided no arguments.
If you had actually read those authors, you would know this.
I am not interested in arguing. I am stating a fact - nothing you wrote is true and you don't understand the topic. From then on, it's your problem, not mine.
If you had actually read them, you'd know your ideas are incorrect.
I am not interested in arguing. I am stating a fact - nothing you wrote is true and you don't understand the topic. From then on, it's your problem, not mine.
Well..
Let me state a fact! You are wrong and you don't understand the topic!
From now on this is your problem not mine! :)
If you had actually read them, you'd know your ideas are incorrect.
Expect the fact that I did read them and what I read is perfectly inline with my ideas.
Sadly for you, the data on the ground clearly shows I'm correct and you're not.
Again empty statements.
Which data?
Shows what?
The data on the ground clearly shows that capital has an influence on politics and that monopolies/oligopolies are the natural outcome of market competition under profit incentive.
•
u/Ok-Chef1896 9h ago edited 9h ago
That is the end stage of capitalism.
Capital has political power, over time the capital get accumulated, the capitalist have more and more influence over the state which leads to faster capital accumulation etc..
Monopolies are natural outcome as well. In a competition someone has to win, winner gets to grow, which sets the winner in a better position to compete in the future/buy out the competition.
And then we have the hyperscalers. You just throw the money at the problem, run the bussnies unprofitable for years to drive out the competition and once your monopoly/duopoly/oligopoly position is secured you strat jacking up prices and essentially transforming bussnies into a rentier model where you just extract the surplus value from consumers.
Yup. That's capitalism alright.
Economic systems don't exist in a vacuum.