Capitalism crushes innovation when it threatens the profits of our ruling parasites/kleptocrats

https://v.redd.it/tw3ut443rrce1

by xena_lawless

18 comments

  2. Love how she spin that around to TikTok is free speech. lol it’s just more of the same shit causing these problems.

    She was so close but

  3. Not all capitalist societies are created equal. All it really means is that there is private ownership. That’s compatible with a wide range of societies, including fairly totalitarian societies as well as quite liberal republican ones. This lady obviously owns things, and I don’t see here rejecting money and private ownership completely, so then the question becomes, what kind of markets do we want and need, and how do we create them? I agree that the notion of a “free market” doesn’t mean much without context, but I certainly feel that people should have some freedom to voluntarily generate goods or services and then trade them under a framework of a market-based system – property rights, contract law, and other market norms which are often enforced by market makers like the government. I’m pretty radical in that I believe the government probably should be mostly in charge of allocating certain types of resources – basically anything we can say we need, like healthy and nutritious food and clean water, housing, health care and education. No American should be forced to procure those things in the market system; the government should do a thorough job of making sure that those who can’t can still access these needs. On the other hand, as a lover of videogames, which no one can really say they “need”, I think they should be a product of private individuals and sold within a market system. The government shouldn’t prevent, but it doesn’t need to enable it either – beyond the general sense in which it maintains and enforces the rules of the market.

    I’m more skeptical of her claims that banning TikTok is akin to censorship. I think there are not totally unreasonable justifications for doing so, considering how it is controlled, even if only directly, by Chinese who may not have the best interests of Americans at heart. In China, there’s no TikTok, and they use public policy to ensure that the apps they DO have mostly serve up informative and educational content, rather than the trash which dominates Western TikTok and social media more broadly. In some ways this is a self inflicted wound – people like the girl in the video are choosing to make and consume trashy content. And of course, we have seen how social media of all kinds, but especially the really shallow stuff like TikTok, is an ideal vector for mis- and dis-information. For every video like this, you can find another that’s just straight up unhinged lies. Are we just supposed to allow that stuff to flourish? Is our right to free speech to broadcast pernicious lies really more valuable than a society (more) free of such lies? It’s a really hard question, and I don’t pretend to have a perfect answer, but when I see the incredible amount of rampant misinformation on social media, I worry that by NOT doing anything about it, we’re making ourselves dumber and weaker.

  4. The government is inherently inefficient, and generally they do not allocate resources productively. They end up monopolizing things in a way that is worse than the private sector can (because it is opened up to competition where a better price or product can come in). We need the government in many ways, but history has shown we should mostly let the free market prevail.

  5. Capitalism has failed because Facebook still exists? That’s it? That’s your whole point?

  6. How many fucking times am I going to have white girls with a septum piercing give me an Econ lecture in one day?

  7. Capitalism creates TikTok. Government bans it.

    Retards: “More and bigger governments please! Less capitalism!”

  8. This is dead on accurate, the status quo is profitable.

    The corporate overlords that run America have been trying to squeeze every last drop of fossil fuel profit out of that industry. They funded a decades long misinformation campaign to sow doubt about climate change to help them do it. That’s just one example of how capitalism stifles growth and innovation.

    What do you think is truly stopping America from implementing universal healthcare despite studies saying it would save us Trillions? Everyone else seems to have it figured out but in America healthcare is not a service you are entitled to but expected to pay for and we are at the mercy of corporations while our “representation” rubber stamps it.

  9. Her heart is in the right place but capitalism is not the enemy here

    The problem is that WE DON’T LIVE IN A FREE MARKET

    That’s why big business can crush small business. We have never had a totally free market.

    We live in a market were a small group of people can expand the money supply, set the price of money and countries set tariffs and rules for all trade. Congress can help big business monopolize and crush competition etc.

    FREE MARKET capitalism is actually great and when you have a sound money, innovation would explode and prices fall forever.

    However, we dont have a free market OR sound money.

    So, for us, innovation gets suppressed, the rich get richer, prices go up (forever) and cronyism and protectionism is the easiest path to success, but only happens for the few at the expense of the rest.

  10. Yes, this is what is taught in business school. A way to defend your competitive advantage is by crushing your competitors.

  11. Forget whatever one thinks they’re arguing against here because its irrelevant. Tik-tok is being scrutinzed because it is state owned media in China. Its a national security issue. Full stop.

  12. The Tik Tok ban has nothing to do with capitalism. It’s very explicitly being framed as a national security question, not an economic one.

  13. So smart but in all the wrong ways. Her angle doesn’t put food on the table, it seems.

  14. She’ll do this huge diatribe and then clutch her purse when black dude enters an elevator with her.

  15. I can vouch for what this young lady is saying. I was involved with a Bay Area start up that had an innovative way of processing data that put other companies to shame. At the last minute we were starved of venture capitalism and one of our competitors took over the company, mostly to hire the talent. The innovative computer chips were all destroyed and the technology for producing them also destroyed.

    Obviously, it is more complicated than what I’ve typed here, but I’m not writing a book.

  16. im supposed to believe this chick has any sort of relevant innovation to offer society?? She just pedals surface level, anti-capitalist slop to appeal to a crowd of losers

  18. Both are true. Demand as a mechanism will produce innovative products and compensation breeds sabotage.

    Both happen at the same time.

    Moron.

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