alt Hacker Newsyeah that's because we allowed aggressive takeovers, especially leveraged ones. They got replaced by extractive capitalism due to a lack of regulation, not just because "capitalism".
The extractive profit seeking entities don't "out-compete" they just use their capital in unregulated conditions to strip mine economies and poison capitalism to become sociopathy. Letting that happen is a choice, letting it continue is a choice.
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> The extractive profit seeking entities don't "out-compete" they just use their capital in unregulated conditions to strip mine economies and poison capitalism to become sociopathy
So they did out-compete them? You saying they won using unfair ways doesn't change the fact that they out-competed the other companies.
Capitalism will use any means available to out compete others, I don't understand why you try to argue against this. You just say "but if we restrict the means available its fine", that means you agree with me, so I am not sure what you disagree with.
Yet if you advocate for regulation you are immediately attacked by billionaires and massive companies and people who think those two groups benefit them more than the regulations protecting them. These groups bring unbelievable sums of money to bear to influence policy and public perception to make sure they are as under-regulated as possible.
“Regulation” is a four letter word in the US. Look at the hostility we see on HN whenever it comes up with AI .