Yes, but they aren’t smart and especially don’t think long-term.
And while in ‘true’ unregulated capitalsm, this would be heavily discouraged and punished, in our system they will just call for the governments to protect them and bail them out, as they are ‘too important to fail’.
Isnt monopoly the ultimate goal in unregulated capitalism? Then you could get the most money with least resources used to give anything back, as people wouldnt have any choice and you could also keep destroying any competition. Then you also dont have to innovate or do anything except keep wringing out the profits from people.
But on the way there, being the company that oversleeps an occuring technological shift because you still make money with the old business model will end in you and your company simply disappearing, with no govt to protect you and bail you out.
Those folks in suits there like to attack the state for interfering with their business, but at the same time heavily depend on it for mending their short-sighted managerial mistakes.
Yes, but they aren’t smart and especially don’t think long-term.
And while in ‘true’ unregulated capitalsm, this would be heavily discouraged and punished, in our system they will just call for the governments to protect them and bail them out, as they are ‘too important to fail’.
Isnt monopoly the ultimate goal in unregulated capitalism? Then you could get the most money with least resources used to give anything back, as people wouldnt have any choice and you could also keep destroying any competition. Then you also dont have to innovate or do anything except keep wringing out the profits from people.
Yes, eventually.
But on the way there, being the company that oversleeps an occuring technological shift because you still make money with the old business model will end in you and your company simply disappearing, with no govt to protect you and bail you out.
Those folks in suits there like to attack the state for interfering with their business, but at the same time heavily depend on it for mending their short-sighted managerial mistakes.