Yes to everything except the first statement:
> The answer is antitrust.
Anti-trust is crucial to make the capitalist economy work prperly, I agree
But another answer is "Firefox"
> The answer is antitrust.
Anti-trust is crucial to make the capitalist economy work prperly, I agree
But another answer is "Firefox"
(I use chrome, but I am unable to articulate why. Surely some of you know why you use Chrome :-))
It’s actually kinda simple: they don’t, at least not continuously. It’s “what you use” because you decided that’s true at some point in the past. All you have to do now is decide that some other browser is “what you use”. You can even take it a step further and decide that Chrome is “not what you use”.
(And actually, if you go through with it, you might discover reasons for why you don’t want to switch like “bookmarks” and “saved passwords”. In my opinion, if it is not easy to transfer those things, that is further reason to switch because vendor lock-in is user-hostile.)
For a normal user they would just switch back to chrome because that is what works, they don’t care about our complaints, they care that what they want to use works.
Also performance, but the behaviour of Mozilla is the main reason I keep away.
A decade ago, yes. Firefox did have poor performance. It has gotten much better since.
No it isn't. If you want your capitalism to be liberal, you need antitrust, true. If you only want capitalism, and don't really care about the 'liberty' part, you can check the mercantile capitalism of old. It worked quite well for people with power.
Yeah, I prefer not to die in a coal mine at ripe age of 14, so a coal baron can increase their wealth by 0.001%.
Capitalism is defensible as an economic system
It is indefensible as a social system. It must be subordinate to the social arrangements
One failure mode of unchecked and unregulated capitalism is the establishment of monopolies that can starve oxygen from the rest of the ecosystem.
In order to have maximally efficient and broadly beneficial capitalism, you need strong anti-trust mechanisms to reoxygenate the environment for new competition. Regular enforcement also means that labor and investment capital reap the most rewards instead of calcified, legacy incumbents.
Companies need to be constantly fighting to survive. If they're sitting comfortable and growing without controls, something went wrong and the rest of the fitness landscape is being distorted by an invasive species.
Antitrust Regulation is incredibly pro-market and pro-competition.
If you want capitalism to be the best it can be you need to brake up monopolies, continuously
You also need to manage externalities.