[umbra07]

Bailing out large corporations and heavy regulations are not laissez-faire capitalism. We haven't had laissez-faire capitalism for at least a quarter decade (I don't know enough about late 20th-century economics to hold an opinion there).

[toofy]

If the tech industry and the wider "disrupting" industries haven't been laissez-faire since the 90s then what on earth do you consider laissez-faire?

Governments around the world have let these industries do whatever they want with almost zero oversight and almost zero repercussions for anything. For decades. These companies and industries do whatever they want. Its only in the last few years that a couple of governments have finally started to push back a teeny tiny bit.

[umbra07]

Industries cannot be "laissez-faire". Economies, or systems of governance, can be laissez-faire.

> Governments around the world have let these industries do whatever they want with almost zero oversight and almost zero repercussions for anything. For decades. These companies and industries do whatever they want. Its only in the last few years that a couple of governments have finally start push back a teeny tiny bit.

Are you claiming that the tech industry wasn't bound by intellectual property laws until recently?

[toofy]

i didn’t say those words at all, but since you bring it up, yes, i think palantir, many AI companies trainings, and many many other companies have completely ignored IP laws, yes.

these and surrounding “disruptive” industries have been behaving as if they’re in a laissez-faire environment for a couple of decades at this point. there are certainly strong arguments which would fairly argue “Look at the havoc they have wreaked on us. Like a small child who can’t control themselves, clearly some of them are incapable of self-regulation. it’s time to reign some of them in, and harshly. they’re behaving like uncontrollable spoiled and bratty children setting our house on fire. time for a spanking.” in too many instances those arguments would be on solid ground and tough to earnestly argue they’re wrong.

[amy214]

dude is saying it's even worse than laissez faire

it's laissez faire towards monopolies, let them be

but not laissez faire when a company is about to collapse, then the government rescues them. laissez faire would be less sympathetic. i.e. bank bailouts of 2008, automaker bailouts of 2020, current intel bailouts

thus not only is the government allowing monoplies/duopolies, but in fact pumping money into them to continue their survival