Comment by hcurtiss
20 hours ago
There absolutely are monopolies. There are, in fact, many state run enterprises. Where do you get these ideas?
20 hours ago
There absolutely are monopolies. There are, in fact, many state run enterprises. Where do you get these ideas?
My understanding is that the Chinese government prefers to have multiple successful companies in each field and they don't like it when one company becomes too powerful.
They pivoted away from that quite a while ago now they just disappear people for a week or two and randomly completely crush a business here and there to make sure they understand their place.
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5 replies →
So also does the US. Trump had prominent cases against Google and Meta. Biden against Apple and Amazon. Prominent efforts on airlines and grocery stores. Honestly, I'm pretty sure the US and Chinese antitrust laws are pretty similar (theirs largely crafted after ours).
State run is better than a private for profit monopoly or few-o-poly which is what we get.
People all over the world have often revolted to get some enterprises state run (nationalizing) and were often punished or even bombed for it.
State run (or heavily regulated) services around here in Eastern Europe: health care, education and housing. All incredibly bad and expensive, I pay huge chunks of my monthly salary for them and I try to avoid them at all costs. They get worse and more expensive with time too.
All the other services and products I use in my life, from the car I drive to the clothes on my back, the food I eat and the device I write this on are provided by private enterprise and they have become much better and cheaper in my life time.
Health care, education and housing have been getting worse and more expensive in the US over the decade also. Must be all that nationalization.
19 replies →
State-run all those things used to be way cheaper and better here than after privatization. So much more, it's not even funny.
But those are mostly companies who provide a public service, or am I wrong?