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by komali2
32 days ago
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> Gas stations and airplanes Gas stations, not sure, but someone the other day here suggested that airlines would be operating at a loss if they didn't have financializstion gimmicks like that. Also, this current system selects for profitability. You don't have to financialize everything, but if you don't and your competitor does and therefore has more capital than you, then, eventually your competitor will eat you, either through a buyout, price starving you, or buying more politicians than you and regulating or lawfaring you to death. This is an absolutely hard rule of capitalism, baked into the very premise of it. I think we should make it so profit generating algorithms (corporations) can't behave this way - regulation seems a short term solution since capital == power so eventually corporations will just unregulate by buying politicians. |
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