Mallory's Musings & Mischief
People who want unregulated capitalism are idiots. The same patterns keep happening over and over again throughout history because it doesn't fucking work. Without intervention, all markets converge toward monopolies and scams. There are a chosen few who get rich and powerful by systematically degrading products and services until eventually everything is useless shit.
I've only been alive 35 years and I've seen this cycle/pattern play out multiple times. It's so fucking obvious.
Mallory's Musings & Mischief
And the reason everything is so fucking expensive and also shit is because this pattern has become fractal. It's scams, rackets, and monopolies all the way down. Scams nested within scams. No one can do anything without it directly or indirectly involving multiple layers of rent-seeking parasites that each need their cut, regardless of whether they add any value.
Mallory's Musings & Mischief
The only reason competition helps is because the player doing the scams keeps changing places.
It's the same pattern over and over again:
- The dominant player becomes more concerned with profit than quality.
- An underdog takes advantage of that by making quality their brand, gains market share, and eventually becomes dominant.
- Once they are dominant, they leverage their market share to milk profits.
Repeat ad infinitum.
GNU social JP is a social network, courtesy of GNU social JP管理人. It runs on GNU social, version 2.0.2-dev, available under the GNU Affero General Public License.
All GNU social JP content and data are available under the Creative Commons Attribution 3.0 license.