alt Hacker NewsCapitalism is fine so long as capital is allocated on merit. It isn't, because we don't have capitalism, we have corporate socialism.
Capitalism is fine so long as capital is allocated on merit. It isn't, because we don't have capitalism, we have corporate socialism.
I guess I don't understand the term "corporate socialism". What does it mean, and how did it create the world of NVIDIA and AMD, Google and Microsoft, Anthropic and OpenAI?
Weren't Mr. Huang, his cofounders, and his peers, rewarded based on merit? Where did socialism step in?