Comment on AI still doesn't work very well, businesses are faking it, and a reckoning is coming
reddig33@lemmy.world 4 days agoSocializing the losses isn’t real capitalism.
Comment on AI still doesn't work very well, businesses are faking it, and a reckoning is coming
reddig33@lemmy.world 4 days agoSocializing the losses isn’t real capitalism.
eldebryn@lemmy.world 4 days ago
That’s what happens when you have unregulated markets and corporations.
Liberals that still suckle Reagans tit worship the almighty “free market” however top economists will tell you that without government control capitalism ends up Being an oligopoly often with feudal characteristics like we see in the digital landscape.
When corpos have no restrictions, they don’t compete with each other. They end up merging into a monopoly and drain all the peasants/slaves who don’t own anything.