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by chvid
2168 days ago
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We killed our own telecommunications industry by first throwing it into a massive bubble and then starving the shit out of it. It wasn't killed by spying Chinese communist; if anything it was killed by the flipside of our capitalist system. The "madness of crowds" that drives "hot" industries through periods of massive over-investment followed by massive under-investment. |
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This is one of the points of capitalism, Bad / wasteful decisions lead to failure. Better managed companies rise. Consumers get better products cheaper.