this post was submitted on 23 Oct 2024
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This is textbook late stage free market ideals at work. This is how the free market always ends.
X - ~~The system is broken.~~
✅ - The system is working exactly as intended and must be destroyed.
Yeah the system that actually exists, capitalism.
The system is down
Light switch rave!
The Cheat is grounded!
Problem is that most people who say that, have nothing to replace that works better.
Liquid democratic socialism
When did it start?
Sorry have you been around to observe a lot of free markets ending?
Gestures wildly at current state of things
Yes but the statement was “this is how free markets always end”. And I’m just wondering if the commenter has actually been around to see “free markets ending.”
That's a fair comment I guess...but it's the reality of the game. The US was a free market through it's early history and today is the result of that.
It's just how the free market ends, always. It starts with a few winners consolidating, abusing their monopoly and buying their government protections, and poof...welcome to late stage capitalism.
"Free Market" people always disregard human nature at it's worst. There will always be people and orgs that game the system. You simply can't prevent that. The US is absolutely an end game free market.
I think they were less talking about them ending as much as them tending towards the monopoly state over time.
Got it. Saying “this is how free markets always end” if they meant “free markets tends to move towards monopolies” confused me.
There are lots of different kinds of markets, like phone market, grocery market, goldsmith market, etc.
The governments have to interfere in many markets all the time, that there aren’t monopolies forming or Price-fixing agreement be done, which would lead to prices go ridiculously high, or last companies in markets fucking up taking tons of knowhow with them.