this post was submitted on 21 Aug 2023
2221 points (97.7% liked)
Technology
59559 readers
3585 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Remember that all that “disrupting the market” ever meant was undercutting competitors. Everything else was window dressing.
Not just undercutting competition but also by subverting regulations and organizations like unions.
Undercutting competitors is how you foster a pro-consumer market. That's one of the core tenets of capitalism. On its own, that's a good thing. The problem is when companies think customers are so attached to them that they don't worry about being undercut themselves.
No, the single tenet of capitalism is "make profit". Capitalism doesn't care how you do it- lying, stealing, manipulating, indoctrinating, forcing, polluting, killing, it's all good.
For any corporation in the long run, a small edge translates into exponentially more capital, and since capital runs society, you can simply buy up the competition, or force them out of business.
Monopolies are not an issue for capitalism, they are an issue with capitalism.