@samir That is going to be an interesting discussion...

@samir
That is going to be an interesting discussion 😀

The thing I think is good in capitalism (but not tied to it) is decentralisation / locality.
There is no central authority to decide what is "produced", when, and in which quantities.
This enables experiments, adaption to needs without catastrophic failures if it doesn't work.

Monopolistic commercial conglomerates directly work against this

Like 22 Jan 2023 at 12:40 | Wall-to-wall | Open on infosec.exchange

3 comments

samir, unbelievable

@realn2s Yes, I think it’s very good!

When you have several multinational, highly profitable corporations simultaneously conducting mass layoffs, I think it becomes clear that monopolies are failure states.

When you have capitalists taking advantage of discrepancies in fundamental human rights to create a market (e.g. cheap clothes made in terrible conditions), you’ve got a failure condition.

I think the core issue is capitalism as religion.

22 Jan 2023 at 12:43 | Open on mastodon.functional.computer

crasher35

@samir @realn2s A way to combat the monopolization of markets is with policies that foster the creation and growth of worker cooperatives and unions.

* Mergers are antithetical to unions
* More union power makes mergers more difficult leaving room in the market for competitors.
* Worker co-ops naturally splinter at scale leaving making their market dominance regional at best.

All of this works within a free market framework.

@samir @realn2s A way to combat the monopolization of markets is with policies that foster the creation and growth of worker cooperatives and unions.

Expand text...

22 Jan 2023 at 13:58 | Open on tech.lgbt

crasher35

@samir @realn2s An example policy: In Italy, they have a policy where if a company lays off workers, those workers can get their unemployment payments as a lump sum and combine them to create a worker co-op.

Naturally, they'll likely be a competitor since that's what they know. They also have the social capital to be able to pull more talent that wasn't originally laid off from the original company.

22 Jan 2023 at 14:01 | Open on tech.lgbt