6 ms·

Ah yes, because capitalism in it's purest form would never have companies form monopolies and lobby governments for favorable legislation.

pessimizer 2mo ago
Under True Capitalism™, cartels could do their price fixing on reality shows.
- overtone1000 2mo ago
  End stage True Capitalism™ is when you have to subscribe to a streaming service to watch as the streaming service cartel fixes their prices.
shevy-java 2mo ago
Where does capitalism mandate corruption? Yes, it is not realistic to assume there is no corruption, but capitalism in and by itself does not mandate corruption. Obviously this all falls apart when capitalism can buy legislation. We are seeing how the USA is currently eroded by a few oligarchs.
- pasc1878 2mo ago
  Anything that involves humans will have corruption. Society needs somethings to try to stop corruption wehther government rules or non government actions. Under pure capitalism what stops this?
- tavavex 2mo ago
  They're not saying it 'mandates' it as law, but that the systematic incentives inevitably lead to corruption. The ability to buy government is irrelevant - this is just the easiest method right now of converting money into power. If there was no government to buy, private business would execute that conversion themselves by ruling over people and enforcing their wishes directly.
- scottyah 2mo ago
  "capitalism" was meant to harness the greed in men- they're self-assembling groups on mostly level playing fields, and the people vote during every purchase. The more votes they get, the more opportunities to expand. Only when the people fail to choose wisely is a governmental body supposed to come in and help "regulate". The other option is the government decides from on-high how things should work, and you'd better hope that what got them to power was good. Then these people need to be wizards at allocating labor, research, and benefits.
  - inigyou 2mo ago
    And the amount of votes someone gets is proportional to the votes they previously received, so the best vote-getters end up having all of the votes to cast between each other, and everyone else ends up with zero votes.
- 8note 2mo ago
  capitalism definitely mandates corruption non-corrupt competitors will be beaten every time by corrupt ones
adrianN 2mo ago
Is there even a government under true capitalism or is it more like the lunar anarchy described in „the moon is a harsh mistress“?
- wredcoll 2mo ago
  What even is "true capitalism"?
  - danudey 2mo ago
    Usually "true capitalism" means one of two things: 1. Capitalism where there is no government or regulatory interference, and the "invisible hand of the free market" produces some kind of utopian society based purely on every business abiding by rules enforced by no one, where somehow corporations don't take advantage of workers they way they do now despite there being no laws against it. 2. The same thing but sarcastically because it's obvious that that system would be demonstrably worse than the restricted version of capitalism that we have now.
    - leonidasrup 2mo ago
      The "invisible hand of the free market" works only, if you have many market participants competing one against another. When a participant wins the competition you get monopoly, when multiple participants collude you get oligopoly, or cartel. Market can not solve this. Historical examples: https://en.wikipedia.org/wiki/Standard_Oil https://en.wikipedia.org/wiki/Standard_Oil https://en.wikipedia.org/wiki/Phoebus_cartel https://en.wikipedia.org/wiki/Phoebus_cartel https://en.wikipedia.org/wiki/DRAM_price_fixing_scandal https://en.wikipedia.org/wiki/DRAM_price_fixing_scandal https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_Litigation https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L... https://en.wikipedia.org/wiki/OPEC https://en.wikipedia.org/wiki/OPEC
      - inigyou 2mo ago
        If competition was economically efficient, it would happen. Monopolies prove that monopolies are efficient.
3997531578 2mo ago
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pessimizer 2mo ago

Under True Capitalism™, cartels could do their price fixing on reality shows.

overtone1000 2mo ago
End stage True Capitalism™ is when you have to subscribe to a streaming service to watch as the streaming service cartel fixes their prices.

shevy-java 2mo ago

Where does capitalism mandate corruption? Yes, it is not realistic to assume there is no corruption, but capitalism in and by itself does not mandate corruption. Obviously this all falls apart when capitalism can buy legislation. We are seeing how the USA is currently eroded by a few oligarchs.

pasc1878 2mo ago
Anything that involves humans will have corruption. Society needs somethings to try to stop corruption wehther government rules or non government actions. Under pure capitalism what stops this?
tavavex 2mo ago
They're not saying it 'mandates' it as law, but that the systematic incentives inevitably lead to corruption. The ability to buy government is irrelevant - this is just the easiest method right now of converting money into power. If there was no government to buy, private business would execute that conversion themselves by ruling over people and enforcing their wishes directly.
scottyah 2mo ago
"capitalism" was meant to harness the greed in men- they're self-assembling groups on mostly level playing fields, and the people vote during every purchase. The more votes they get, the more opportunities to expand. Only when the people fail to choose wisely is a governmental body supposed to come in and help "regulate". The other option is the government decides from on-high how things should work, and you'd better hope that what got them to power was good. Then these people need to be wizards at allocating labor, research, and benefits.
- inigyou 2mo ago
  And the amount of votes someone gets is proportional to the votes they previously received, so the best vote-getters end up having all of the votes to cast between each other, and everyone else ends up with zero votes.
8note 2mo ago
capitalism definitely mandates corruption non-corrupt competitors will be beaten every time by corrupt ones

adrianN 2mo ago

Is there even a government under true capitalism or is it more like the lunar anarchy described in „the moon is a harsh mistress“?

wredcoll 2mo ago
What even is "true capitalism"?
- danudey 2mo ago
  Usually "true capitalism" means one of two things: 1. Capitalism where there is no government or regulatory interference, and the "invisible hand of the free market" produces some kind of utopian society based purely on every business abiding by rules enforced by no one, where somehow corporations don't take advantage of workers they way they do now despite there being no laws against it. 2. The same thing but sarcastically because it's obvious that that system would be demonstrably worse than the restricted version of capitalism that we have now.
  - leonidasrup 2mo ago
    The "invisible hand of the free market" works only, if you have many market participants competing one against another. When a participant wins the competition you get monopoly, when multiple participants collude you get oligopoly, or cartel. Market can not solve this. Historical examples: https://en.wikipedia.org/wiki/Standard_Oil https://en.wikipedia.org/wiki/Standard_Oil https://en.wikipedia.org/wiki/Phoebus_cartel https://en.wikipedia.org/wiki/Phoebus_cartel https://en.wikipedia.org/wiki/DRAM_price_fixing_scandal https://en.wikipedia.org/wiki/DRAM_price_fixing_scandal https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_Litigation https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L... https://en.wikipedia.org/wiki/OPEC https://en.wikipedia.org/wiki/OPEC
    - inigyou 2mo ago
      If competition was economically efficient, it would happen. Monopolies prove that monopolies are efficient.

3997531578 2mo ago

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