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unresolved_m t1_j5rko8f wrote

Reply to comment by arkuden in Major railroad posts record earnings, spends more on share repurchases than on its employees by esporx

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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