Well done, champ.

Consolidation in markets has led to high prices, poor service, poor competition and bloated oligopolies.

Governments should be intervening to break up these oligopolies but have been captured by these vested interests.

Who is this picture of? She looks familiar.

Is she a movie star?

I really miss the BBS forums.

I made a load of friends on those.

When I quit reddit, it occurred to me that after 10 years, I hadn’t made a single friend there.

Now many of these remaining BBS forums have a constant battle against bots.

Dead internet theory is becoming true.

Bots talking to bots will be 90% of the internet.

What are people using to monitor this?

Chomsky leopards incoming.

Preferential voting is also good.

I think 90% of the AI investments really have no commercial viability and are being developed to suck up clueless venture capital.

I’m older than 30.

Probably played one of your games.

Super curious here.

What game did you make?

The problem is that in a closed economy, an increase in production without increased consumption will result in over production and closed down factories.

It isn’t in capitalist’s long term interests to increase production and cut wages across an entire economy. Having a very high net savings rate (whatever you don’t consume is by definition, savings) is not a good thing as a country.

America’s early growth was based on being a high wage and high consumption country.

However, in an open economy, you can export your excess savings (and underconsumption) to other countries. This was an issue during the great depression (called “beggar thy neighbour”).

It is a big problem in the global economy right now with China, Taiwan, Korea, Germany, Denmark, etc. all having stagnant or low consumption shares of the economy while exporting their net savings to persistant trade deficit countries like the United States, UK, Australia and Canada (noting Australia and Canada sometimes have surpluses when commodity prices are high).

It relies on the net deficit countries being willing to accept net capital inflows and all the issues with having persistent trade deficits (deindustrialisation, high debts, etc.) forever, which isn’t possible.

So in short, increasing profits and cutting wages (and/or the overall workforce) might work for an individual greedy douchebag but it is a terrible thing for the entire economy.

Yeah, the constant negative circlejerking on Lemmy is getting pretty tiresome.

More competition is better.

Imagine being this much of a bootlicker.

I pay $79 AUD for 250Mb download / 20Mb upload.

This makes so much sense.

I always thought, surely their higher ups must know this is utter garbage?

They do but it’s just to scam investors.

Sail the high seas.

John Brown did nothing wrong.

I really miss the early internet.

Sherman did nothing wrong.