this post was submitted on 20 Nov 2023
449 points (99.8% liked)
Technology
60348 readers
5193 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
American capitalism no longer innovates. It now only stifles competition through patent abuse, regulations that make market entry difficult to impossible and domination of market resources. If all of that fails then they buy the competition and increase prices before repeating the whole cycle all over again.
As a counter example there are fields like machine learning where there is a lot of “capitalist” innovation
How is that a counter example? The same 3 - 5 corporations are still in control.
the claim is that American capitalism no longer innovates
innovation is not going bankrupt and clearing the way for another company. control and innovation are not even remotely close.