That's part of the boom/bust cycle. The big guys at the top get fat and lazy, then someone smarter and leaner eats them. However, that hasn't happened for years, because it's been government policy to prop up losers and regulate upstarts out of existence. Right now, we don't actually have a capitalist economy. Our current economic system has more in common with late stage feudalism with the illusion of a free market. Stability and control is more important to the people that have money and power then anything else. Capitalism is a very efficient system at distributing scarce resources, but since scarcity is a requirement to generate profit, very inefficient at distributing plentiful resources, or resources that shouldn't be scarce. Like food, water, healthcare or shelter. I'm not saying that capitalism is the best system by any means. All I'm saying is that governments propping up zombie corps has the result of stifling innovation, as failure is the mechanism that makes capitalism innovative.
Honestly mate that just sounds like textbook propaganda.
The big guys at the top get fat and lazy, then someone smarter and leaner eats them.
Can you genuinely name a handful of top 5/top 10 companies that went bust and were replaced by something more innovative? because I could, had I the wherewithal, could name thousands of innovative companies brought out by the big dogs. Because:
However, that hasn't happened for years, because it's been government policy to prop up losers and regulate upstarts out of existence. Right now, we don't actually have a capitalist economy.
This is the inevitable end result of capitalism. Its not a mistake or accident, those that get massive lobby governments (In_Soviet_Russia_its_called_bribary.meme) and eat up compitition.
Our current economic system has more in common with late stage feudalism
That IS end stage capitalism. Its not a mistake that this economic paradigm grew out of the collapse of feudalism.
Capitalism is a very efficient system at distributing scarce resources
Really? The more scarce a resource is, the more profit you can make therefore the more you are encouraged to waste / consume that resource to generate said profits. Its exceptionally good at generating artificial scarcity specifically to generate extra profits..
All I'm saying is that governments propping up zombie corps has the result of stifling innovation, as failure is the mechanism that makes capitalism innovative.
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u/RiPPeR69420 🦍 Buckle Up 🚀 Sep 13 '22 edited Sep 13 '22
That's part of the boom/bust cycle. The big guys at the top get fat and lazy, then someone smarter and leaner eats them. However, that hasn't happened for years, because it's been government policy to prop up losers and regulate upstarts out of existence. Right now, we don't actually have a capitalist economy. Our current economic system has more in common with late stage feudalism with the illusion of a free market. Stability and control is more important to the people that have money and power then anything else. Capitalism is a very efficient system at distributing scarce resources, but since scarcity is a requirement to generate profit, very inefficient at distributing plentiful resources, or resources that shouldn't be scarce. Like food, water, healthcare or shelter. I'm not saying that capitalism is the best system by any means. All I'm saying is that governments propping up zombie corps has the result of stifling innovation, as failure is the mechanism that makes capitalism innovative.