this post was submitted on 25 Jan 2025
510 points (95.4% liked)
Technology
61203 readers
4630 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 other!
- 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
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Late stage capitalism has now created mega corporations that no longer profit off their innovation and quality, but merely off manipulation and exploitation of their mind-boggling amounts of capital. They now must crush all competition using authoritarian means because competition is now their biggest weakness.
Capitalism is well and truely dead, and corporations and conservatives are the ones who killed it. They want to remove the ladder of success that got them there.
Capitalism has never been healthier. This IS Capitalism, not an anomaly.
I very much see what is happening in the US as the groundwork for them becoming an authoritarian state just like China and Russia. They still have "capitalism" and "democracy" too!
My only hope is that the people of the US realize what is happening before it's too late, and that the rest of the world can hold out in the mean time.
Can’t have a corporate oligarchy without capitalism.
You must not have read the wealth of nations
Capitalism, instead of Adam Smith definition, becomes supremacy of capital. Corporatism is actually more prominent than "shareholder rights/supremacy". At any rate, Adam Smith said free markets where fair markets that resulted in perfect competition. Free competition sucks for oligarchs, because corrupt markets are more profitable.