742
this post was submitted on 10 Jul 2025
742 points (97.6% liked)
Technology
72686 readers
1923 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Capitalism is all about competition unless it's not.
Capitalism isn't about anything other than keeping the ruling class rich and in power. How it chooses to do that has varied throughout time. During the 20th Century the lie was that "American Style" capitalism was fair because the capitalists would promote Laissez-faire style economics ("Free Trade") out of their mouths, while actually building monopolies.
With the rise of Trump-style 'conservatives' Republicans have adopted a new strategy, Mercantilism. Mercantilism doesn't even pretend to be fair or free. The word 'Competition' doesn't even appear anywhere in that article because competition is bad for Capitalists and they see no reason to continue to lie about that. They actively oppose free trade.
Even if 'Capitalists' possessed the ability to feel shame for being hypocrites (which they certainly do not), calling them out for not following along with the principles of 'the free market' does no good since they have abandoned advocating for that a while ago.