this post was submitted on 25 Jul 2023
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[–] BudgetBandit@sh.itjust.works 53 points 1 year ago (2 children)

restricted capitalism does that. regular capitalism makes monopoly.

[–] MisterFrog@lemmy.world 7 points 1 year ago (2 children)

Does it though? Universities seem to be doing the heavily lifting innovation-wise.

[–] BudgetBandit@sh.itjust.works 5 points 1 year ago (1 children)

Well yes, but universities certainly do not stop Nestlé from selling their own products so cheap that local businesses (which refused to get bought up by Nestlé) go bankrupt because they can not sell their only product with a loss.

[–] MisterFrog@lemmy.world 1 points 1 year ago

I was responding to the first half "restricted capitalism does that"

[–] sevenapples@lemmygrad.ml 1 points 1 year ago (1 children)

What's your point? Monopoly does not imply innovation.

[–] MisterFrog@lemmy.world 1 points 1 year ago

My point is that captialism doesn't have as big a role in innovation as many would claim.

Captialism also leads to monopoly when unchecked. I was responding to the first half.

[–] Da_Boom@iusearchlinux.fyi 2 points 1 year ago (1 children)

This ain't capitalism, this is going back to a rent based economy.

Aka: Techno Feudalism

Let me just point you to this:

https://doctorow.medium.com/autoenshittification-cb851c2574fb

[–] Ew0@lemmy.sdf.org 1 points 1 year ago