Comment by DonThomasitos
20 hours ago
We see the fundamental forces of capitalism at work: To justify valuation, Google needs to grow. When they feel a ceiling, they broaden their search to anything legal that makes customers pay - even if it contradicts their longterm interests. This created countless attack angles for startups. The good news: we already have a solution! Monopoly laws. In case of the internet, no company should be able to have this much power.
The bad news: US decided to weaponize big tech’s leverage over the world and does not enforce these laws anymore that fix vanilla capitalism.
>We see the fundamental forces of capitalism at work: To justify valuation, Google needs to grow.
You’re confusing markets with capitalism.
Market Socialism (the only reasonable kind) would have these same issues. If Google was owned by the workers instead of capitalists, it would still have incentive to grow. The worker owners would have the exact same incentives as current owners. The only difference would be who the owners are.
Capitalism is not actually “the final boss” that internet leftists make it out to be. Socialism is not the panacea that leftists make it out to be. Surveillance is not a “capitalist only” thing.
I agree, thanks for clarification. I did not want to argue in favor of Socialism - my criticism here is that „free market correction instruments“ like antitrust, monopoly etc are absent.