▲ | schmidtleonard 4 days ago | |
It's hilarious to watch people try to pretend that "crony capitalism" and "capitalism" are different things, as if the greed to rig the system once you've won is fundamentally different from the greed that pushes you to compete in an un-rigged system. No, sorry, it's not only the same emotion, it's the same system and the same rules: if greed is good, why shouldn't one seek network effects, platform effects, last-mile dynamics, vertical and horizontal integration that block competition, engage in FUD and dumping and regulatory capture and so on and so on? The answer that the entire business community and an increasing fraction of the general population seems to agree to is that one should, and this has prevented the sort of gardening that can keep the system actually competitive and working for the people, rather than working for the people on top, which is what it overwhelmingly wants to do when left to its own devices. |