this post was submitted on 21 Aug 2023
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Tech's broken promises: Streaming is now just as expensive and confusing as cable. Ubers cost as much as taxis. And the cloud is no longer cheap (www.businessinsider.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Tech's broken promises: Streaming is now just as expensive and confusing as cable. Ubers cost as much as taxis. And the cloud is no longer cheap::Some tech is getting pricier and looking a lot like the older services it was supposed to beat. From video streaming to ride-hailing and cloud computing.

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[–] [email protected] -3 points 1 year ago (1 children)

If its actually well regulated it wont be capitalism. Just like Europe has many kingdoms yet isnt full of actual monarchy.

[–] [email protected] 11 points 1 year ago (1 children)

All capitalism is, at its core, is the system of owning and investing capital for greater returns later. You can have that while regulating things--at least in theory.

[–] [email protected] 6 points 1 year ago (1 children)

An actual dictionary definition of capitalism:

an economic and political system in which a country's trade and industry are controlled by private owners for profit.

Any definition of capitalism that doesn't in some way mention private ownership of capital is simply wrong.

[–] [email protected] 2 points 1 year ago (1 children)

So your issue is that I didn't use the word "private" in my write-up?

[–] [email protected] -1 points 1 year ago

Yes. If you leave out that part you're just describing human behavior in general.