this post was submitted on 25 Jul 2023
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restricted capitalism does that. regular capitalism makes monopoly.
Does it though? Universities seem to be doing the heavily lifting innovation-wise.
Well yes, but universities certainly do not stop Nestlé from selling their own products so cheap that local businesses (which refused to get bought up by Nestlé) go bankrupt because they can not sell their only product with a loss.
I was responding to the first half "restricted capitalism does that"
What's your point? Monopoly does not imply innovation.
My point is that captialism doesn't have as big a role in innovation as many would claim.
Captialism also leads to monopoly when unchecked. I was responding to the first half.
This ain't capitalism, this is going back to a rent based economy.
Aka: Techno Feudalism
Let me just point you to this:
https://doctorow.medium.com/autoenshittification-cb851c2574fb
Paywall!