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Post by Swampy on Mar 31, 2024 9:53:50 GMT -5
The late economist, Friedrich von Hayek, wrote the classic, "Road to Serfdom", stating that socialism will turn us into a new feudal society where the workers are serfs. His argument was that the lack of innovation will not allow those at the bottom to rise, so the free market, with its dynamic nature, would prevent that. I think the same argument applies here - if Big Tech becomes a cartel, then we could be serfs. But, as of now, Apple is in trouble, and so is Facebook (or Meta or whatever) as well as Tesla. So they will not be able to maintain their position, which means we will not be their serfs.
Long live the free market!
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