this post was submitted on 29 Jul 2023
612 points (96.5% liked)

Technology

60073 readers
3006 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 2 years ago
MODERATORS
 

Samsung sees 95% drop in profits for a second consecutive quarter::Today, Samsung posted its Q2 2023 financial results. The report says Samsung's profits have dropped considerably compared to last year.

you are viewing a single comment's thread
view the rest of the comments
[–] Upgrade2754@lemmy.world 10 points 1 year ago (1 children)

Not just any government, but a government captured by capitalism

[–] assassin_aragorn@lemmy.world 1 points 1 year ago (1 children)

Isn't refusing to break up monopolies against the idea of capitalism and competition?

[–] steveman_ha@lemmy.world 5 points 1 year ago* (last edited 1 year ago) (1 children)

Capitalism and free markets are separate things within the economic "sphere" of society. Capitalism is an economic doctrine that focuses on directing production through private capital; free markets (in theory) ensure "equal access" to markets for products (as compared to monopoly or (economic, not necessarily drug) cartel markets which restrict access).

Over in the "public sphere", governments decide whether to jump in bed with private capital (often resulting in monopolies or cartels in economic marketplacs), or to make & enforce regulations that protect the (so-called) free market.

Or to make and enforce regulations that protect consumers -- i.e. human f-ing beings -- and enrich local economies without protectionism and "zero sum games", but I guess we shouldn't get too carried away here ;)

[–] assassin_aragorn@lemmy.world 2 points 1 year ago

Thanks for the clarification!