@icedquinn I’m not going to say it’s a fundamentally different thing, but I’d argue the incentives in a free society align to protect against that sort of thing much better. What happens to shitty corpo landlords that do dumb shit like that? (They lose customers and begin shrinking)
market systems are also rife with failure modes (what happens if i have no social credit and no money? i.e. every teenager ever).
They work for less while they build up both things, the market figured this one out a while ago 😉
assumes that no one person can “execute the 51% attack” on the bitcoins.
I think you’re asking too much of any system, but I also think this is less likely than you think, and more mitigable in a free society than you think.
Other critics will point to the Carnegie and Rockefeller foundations and the dubious causes those institutions have supported. Their objection is irrelevant to the specific question of whether the men themselves, in their capacity as entrepreneurs, improved the American standard of living. That question is not even debatable.
except my point is that they did acquire enough money to dictate terms to the society. this article just handwaves it because they dictated terms by acquiring the medical industry and locking it down to their designed preferences instead of using it to bogart the steel.
Before Govt granted the AMA a licensing cartel in 1905, poor illiterate Southern black refugees (& Euro immigrants) had ~98% health insurance coverage
1 day's wages paid a year of 'lodge medicine' coverage, hospital stays & minor surgery
America's lassiez faire economics created affordable, high-quality retail healthcare for the masses for the first time in human history, & actuarial science
The AMA was a Govt-created cartel to destroy lodge medicine
Google is a State-sponsored enterprise which can only have 98% market dominance due to Govt-granted patent-monopoly privileges (over 70,000)
Patents (& all IP) are anti-market, and anti-capitalist, as they are a violation of private property rights; IP protects artificial incumbents (probably started by the CIA's InQtel in this case) from new market entrants putting their capital in competition with them, and violate consumers' rights to association & choice
Liberdon is a Mastodon instance for libertarians, ancaps, anarchists, voluntaryists, agorists, etc to sound off without fear of reprisal from jack or zuck. It was created in the wake of the Great Twitter Cullings of 2018, when a number of prominent libertarian accounts were suspended or banned.