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arkuden t1_j5qzqvp wrote

we've let our most important and critical services get completely gutted in the pursuit of profits. When the time comes for us to depend on these services in attack, disaster or something else, we'll find nothing but our own oligarchs who've bled it dry. airlines, railways, internet services to name a few should be national services. America just lacks a competent or functioning federal government to handle it, likely by design at this point considering who is paying them.

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unresolved_m t1_j5rko8f wrote

Predatory capitalism - its like regular capitalism, but on steroids

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MrPissedHimself t1_j5sociw wrote

Predatory capitalism - its like regular capitalism but on steroids

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BeenBadFeelingGood t1_j5swobd wrote

Idk you’re being downvoted smh

Idk who needs to hear it but a free market economy (as defined by adam smith and classical liberal economists like Thomas Paine, Henry George et al) is one free of monopolies, subsidies to corps, and special privileges; a free market thus requires regulation to allow market exchanges and citizens to be free.

Capitalism has lots of regulation to create monopolies and specia privileges that mostly benefit capitalists: they are free to fuck over everything and everyone including the environment etc while placing the importance wholly on capital, while disregarding labour and the land.

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blockingdom t1_j5t9m82 wrote

Such a society can never exist. The bourgeois state is a tool used to make this insane system even function in the first place, ideas of "free capitalism" are delusions.

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neuropotpie t1_j5u15qr wrote

I've taken to calling it corporate colonialism. Extract as much as possible for as little as possible with little to no regard for the people doing the work while funding deregulation in order to do even less.

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unresolved_m t1_j5u2of0 wrote

Cory Doctorow calls it "enshittification" and I think its fitting as well

https://www.reddit.com/r/medicine/comments/10hyf7m/cory_doctorow_explains_the_enshitification_of/

He mostly talks about tech, but it could be applied to any business

> Enshittification is "...a seemingly inevitable consequence arising from the combination of the ease of changing how a platform allocates value, combined with the nature of a "two sided market," where a platform sits between buyers and sellers, hold each hostage to the other, raking off an ever-larger share of the value that passes between them."

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FenrirIII t1_j5tce2d wrote

When an emergency happens the taxpayers will bail them out and the rich will pocket as much of it as possible

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ConvenientlyHomeless t1_j5s202k wrote

Which is why giving more cash flow and power to the government, who literally is the creator and perpetuator of corporations, is a bad idea. They have more and more money and continuously mismanage it.

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