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Google has sent internet into ‘spiral of decline’, claims DeepMind co-founder
(www.telegraph.co.uk)
this post was submitted on 15 Oct 2023
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how would that situation have played out without capitalism?
Not everything is 100% capitalism or 0% capitalism In this case, unregulated capitalism and the basic human greed are responsible for this situation. Everybody wants to make a quick buck, never mind the consequences Also a full capitalist system would not have invented the internet as we know it or the World Wide Web or even the micro computing industry
We'd have had CompuServe, only bigger. Subscription only, walled garden environments.
Might have got something close to modern ubiquity with cable companies bundling search and forum functions in with the video, but it would still be heavily monetised and tightly controlled.
The purest Capitalism is Unregulated Capitalism: Regulated Capitalism means that there is some other ideology (in the basic sense of "set of ideas") guiding the decisions about the where and how to regulate said Capitalism and having the power to impose itself on Capitalism (otherwise it wouldn't be "regulating" it, just "advising" it, which would be promptly ignored) hence above it.
The problem is exactly that the dominant political system we've had for the last 4 decades, often known as neoliberalism, is all about removing regulations on Capitalism (hence neoliberalism), so a movement to make Capitalism the one and only political ideology with any real power for every and all political decisions in Society, not merelly the ones related to Trading. This is why it's now common for mainstream politicians to harp all about "doing what's best for businesses", unconditionally and never once using the caveat that Society should only help businesses which are good for Society.
The problem is exactly that we've mostly moved to 100% Capitalism, with no other ideology above it providing oversight and correcting its problems.
Maybe Capitalism does work well as a means to optimize resource allocation and bottom-up economic coordination for optimal results in some markets, but it most certainly doesn't work well at maximizing outcomes for the greatest number, in terms of systemic survival (Capitalism brough up Polution, which it most definitelly wasn't solved by it, and now Global Warming) and doesn't even seem to work well in markets which aren't highly liquid with no negative externalities (i.e. naturally very competitive and non poluting or otherwise damaging).