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I did not say that markets should be less free. Neither are they free nor is it desirable to return to some kind of soviet state capitalism (it was only called
by onreact-com 17y ago
I did not say that markets should be less free. Neither are they free nor is it desirable to return to some kind of soviet state capitalism (it was only called communism but the means of production never were it the hands of the workers which is the prerequisite of communism).
Nowadays the market is not free at all, it's ruled by a few oligopolies in most industries. You must be blind not to acknowledge that. The creation of corporations was the last nail in the coffin of the free market.
A market can only be free where all people can take part in it and not only a few decide who gets the money. Btw.: The abolitionists attempted to abolish wage slavery as well but it's still prevalent.
It's also absurd to sever the economics from the business and startups part. Also web programming in open source projects is just pure communism. So just saying we don't talk about economics here is like talking about cars without ever mentioning the engines.
Like with cars we have to rethink the way we build engines. With cars it's the hybrid/electric model, with capitalism it's something else. We just can't go on like that. The economy break down has just been postponed. It will happen sooner or later.
Ignoring or censoring that fact won't make it disappear.
To be honest: The current set up of startups begging a few VCs for money is neither sustainable nor does it make much sense. Just look at most startups. Either they disappear, they get swallowed and more or less left to rot or the VCs fire the founders. Or of course they go bankrupt. Is this what people are working for? I doubt that.
I guess sooner or later crowdfunding will take over and VCs will disappear. Maybe sooner than later as the financial system can finally break down any day.