I think lefties are just addicted to outrage and drama. There is nuance to "capitalism bad" that they refuse to see; it doesn't help that they've been successfully bred not to question authorities.
Cronyism is the biggest threat to capitalism. Everyone knows unchecked capitalism is rife for exploitation, which is why we have laws against it -- but those laws are selectively enforced at all levels.
Microsoft buying massive video game publishers with an internal stated goal of muscling out their competition is one example where cronyism leads, as Innovation will end up being stifled at the current pace.
Of course, Amazon as well -- getting rates for two decades or whatever for shipping on the taxpayers' dime that made it extremely cost effective to destroy smaller shops and/or bring them to the Amazon marketplace so they get a cut.
Megacorps trying to consolidate and monopolize (or, yes, oligopolize) their respective industries while ravenously expanding into others to do the same absolutely should have been hit with antitrust. Microsoft in particular was hit with antitrust in the..90s I think? And the reasons for that are less impactful than where we are now.
It has become too easy to grease fingers, especially politicians who have learned that you can get legal bribery by having them simply lobby in favor of your pet projects.
But of course, none of this makes "capitalism bad". It just makes cronyism bad. As it turns out, those cronies are pushing a socialist-communist society on the world too.
I think lefties are just addicted to outrage and drama. There is nuance to "capitalism bad" that they refuse to see; it doesn't help that they've been successfully bred not to question authorities.
Cronyism is the biggest threat to capitalism. Everyone knows unchecked capitalism is rife for exploitation, which is why we have laws against it -- but those laws are selectively enforced at all levels.
Microsoft buying massive video game publishers with an internal stated goal of muscling out their competition is one example where cronyism leads, as Innovation will end up being stifled at the current pace.
Of course, Amazon as well -- getting rates for two decades or whatever for shipping on the taxpayers' dime that made it extremely cost effective to destroy smaller shops and/or bring them to the Amazon marketplace so they get a cut.
Megacorps trying to consolidate and monopolize (or, yes, oligopolize) their respective industries while ravenously expanding into others to do the same absolutely should have been hit with antitrust. Microsoft in particular was hit with antitrust in the..90s I think? And the reasons for that are less impactful than where we are now.
It has become too easy to grease fingers, especially politicians who have learned that you can get legal bribery by having them simply lobby in favor of your pet projects.
But of course, none of this makes "capitalism bad". It just makes cronyism bad. As it turns out, those cronies are pushing a socialist-communist society on the world too.