I created a new email service that prevents spam and organized your email. If it works out and I become successful, I can imagine Google trying to buy it, and if I say no, all of a sudden Gmail starts having issues receiving mail from my service. Gmail and Exchange together share about 70% of the business email market, so they can destroy smaller competitors if they aren’t willing to sell. Yay capitalism!
I will never get tired of seeing these pictures
My favorite thing about this comment section is the ratio of comment score and comment length
Unregulated capitalism that made worse by the lack of QOL improvements by the govt is what made these new shitty electronics and tools profitable.
Cubicle went from utopia to dystopia in not even a week.
Ahha this works nice, now lets break it
Hey everyone, am earning comfortable from home with just a little capital message lizzi Walterfx on Inst-ag-ram
I'd love for people to stop using capitalism as a catch-all term for every wrong in the world. This post illustrates a great reason why.
Capitalism is the private ownership of the means of production. This means every private citizen has control over that which they own, and is free to sell it. In short, it's characterized by a free market, because everybody is free to sell whatever they want.
The reason people view this favorably is because if, for example, someone is selling some really useful farming tool, they're free to sell it at whatever price they want. But, someone else - who is also free to sell whatever they please - might figure out an alternative or their own way to assemble this tool. They can now sell it for a lower price to get more customers, thus forcing the original inventor to bring down the price as well. As a result, the farming world becomes more efficient thanks to innovation and market forces.
I feel like most people understand market forces, so I'm sorry if I'm not saying anything new yet, but it's crucial for seeing the flaw in the next part...
Modern medicine is not controlled by private entities, and they are not operating in a free market. The conditions that allow for market forces simply does not exist in Canada or America (probably Europe too but I know less about their system to get into details).
Take Johnson and Johnson for example. For one thing, they are not a private entity, they are incorporated and act in the collective interest of its shareholders. If capitalism is the private ownership of the means of production (which it is!) then immoral acts they take cannot be attributed to capitalism.
Now consider their business, aside from who owns and controls them. They have a medicine called Stelara, which has no generic alternative. They have an effective Monopoly on this Crohn's medicine, becauae no one else is allowed to sell medicine of the same chemical composition until the patent wears out and it's genericized. This patent is enforced by the state. So, the state enforces a ruling that prevents private business from selling medicine, which gives the corporation an effective Monopoly.
So we have a public entity, using state-enforced rules to prevent a private business from controlling the means of producing that medicine. That's completely anti-capitalistic from every angle I can think of
When a new medicine is invented, and a company marks up the price to high heaven, it's not because they're a capitalist and thus greedy, that simply shows anti-capitalist bias. It's because the state and the laws they enforce give them the opportunity to.
People can be greedy whether they're capitalist or not, so don't use it as an indicator for the flaw in capitalism because you'll just be wrong a lot of the time, because they're independent things
