Tech’s broken promises: Streaming is now just as expensive and confusing as cable. Ubers cost as much as taxis. And the cloud is no longer cheap::Some tech is getting pricier and looking a lot like the older services it was supposed to beat. From video streaming to ride-hailing and cloud computing.
Capitalism without any regulation*
Yeah but then the wealthy eventually start buying away regulation. The only thing that made capitalism get under any sort of control was fear of a worker’s revolution
Yep, and so they made capitalism global, exported all of the union jobs to countries where labor abuse is permitted or encouraged, and then created new categories of unorganized, exploitative jobs faster than labor could keep up with them.
If its actually well regulated it wont be capitalism. Just like Europe has many kingdoms yet isnt full of actual monarchy.
All capitalism is, at its core, is the system of owning and investing capital for greater returns later. You can have that while regulating things–at least in theory.
An actual dictionary definition of capitalism:
Any definition of capitalism that doesn’t in some way mention private ownership of capital is simply wrong.
So your issue is that I didn’t use the word “private” in my write-up?
Yes. If you leave out that part you’re just describing human behavior in general.