this post was submitted on 27 Jun 2023
149 points (99.3% liked)
Technology
59426 readers
3446 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 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The natural result of unregulated capitalism is something that mimics a monopoly. Monopolies are illegal in my town; I can't open an ISP because of capitalism.
It's not at all natural, and would not have happened if government didn't step it to create a "regulated monopoly".
Fast food, gas stations, supermarkets, etc are all unregulated^1^ and there's countless offerings there. That's capitalism. This is crony capitalism. These companies work with the government to lock out competition.
1 - Yes, these industries have regulation, but there's no regulation whatsoever on opening an identical business next to an existing one. We see it all the time, a lowes next to homedepot, burger king next to mcdonalds, etc.