| ▲ | pessimizer 20 hours ago | |
> We could point at a lot of factors on the US side. It's just lack of antitrust enforcement. China pours money into tons of different businesses in the same industry and lets them fight it out. The only US business model left now is to shut down (or collude with) competitors and raise prices while cutting costs. All they have to do is cut Congress (and regulators, and individual judges) in. We've financialized everything for the sake of scammers, rather that finance being used for the sake of getting cash to the most productive organizations. We've optimized for corruption. If we hadn't let the stupidest people in the world buy up everything, and made doing nothing with it the most profitable option, China would have never have blown past us. The US Supreme Court has explicitly legalized "tipping" politicians. That's the biggest sign of degeneracy that a government could possibly achieve. | ||