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Joined 10 months ago
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Cake day: September 2nd, 2023

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  • Authoritarian capitalism is not the most effective form of capitalism. It is the most effective for those that are already on top, but for the market as a whole (and especially for the society around that market), it’s going to be worse in the long run.

    Companies that are protected from competition by an authoritarian government will be able to extract higher profits in the short term, but their products and services will become worse in the long term, which not only harms their customers, but also the company’s chances of selling their products on actually competitive markets. The American car makers are a good example of this imo.

    Companies that are protected from having to pay fair wages and/or providing good working conditions, will be faced with labor shortages if the workers have alternatives, or with a depressed consumer market because the people have less money/time to spend on consuming things.




  • Hey, thanks for taking the time to answer.

    Afaik, high internet speed requires higher frequencies and high frequencies reach less far + have less penetration through/around obstacles. That’s what makes providing “4g” virtually everywhere easy (good enough for phone calls at least), but if they want to provide actual high speeds everywhere, then it suddenly becomes not so easy (nor cheap).

    That the USA and Canada don’t provide proper high speed internet access/choice to many of their rural citizens is caused by the rent-seeking mentality of their network companies + the governments that enable this. Most of those rural citizens live in places where there are more than enough people for it to make economic sense to invest, but investing would lower short term profits, so they don’t. Instead those customers are stuck with the choice between a single provider who is offering bad service, or no service at all. And as we’ve seen with the Boobies American, they’ve got enough of their dumb citizens convinced that they are oh so exceptional that this is the best that they could ever expect.