this post was submitted on 07 Feb 2025
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@yogthos
The funny part is the capitalist are just as fond of centralized command and control economies as they said they never were.
And the capitalist well they’re giving the whole system very bad name at the moment much more than say in the last 10 years.
Exactly, capitalism ends up being just a handful of monopolies owned by the oligarchs as opposed to state owned companies owned by the public.
@yogthos
At best you can say if you have a system of profits and markets that that system is exquisitely fragile and soon becomes something entirely different.
These simple observations are why I relentlessly mock mainstream economics, particularly neoliberal ideas.
Uncle Milty Mr. free market fundamentalist himself, was paid to say things that like monopoly are just fine,
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@yogthos
because they only become monopolies, because they’re “satisfying” the market best. If they start doing evil things, then magic market pixie dust will make a competitor.
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Seriously, Mr. Champion of capitalism argued that wasn’t necessary to actually have competitors competing in a marketplace. The man should’ve been bitch slapped out of University as soon as he said bullshit like this.