Life2Space

joined 3 years ago
[–] Life2Space@lemmygrad.ml 19 points 2 years ago* (last edited 2 years ago) (1 children)

I don't think that we disagree. Because, for the reasons that you have provided, competition will produce almost-indestructible monopolies as a natural consequence, and those monopolies have a tendency to use their extensive power to destroy and buy out potential competitors and seek for quick, easy ways to accumulate wealth; notably, through rentier capitalism.

This is literally what's happening right now; at least, in the US.

[–] Life2Space@lemmygrad.ml 48 points 2 years ago* (last edited 2 years ago) (12 children)

"Competition is good because it leads to cheaper prices for consumers", doesn't really work since it neglects the union of the state and monopolies to artificially charge higher prices for items of the same - even worse quality; while hindering competition that has the potential to change the status quo.

I mean—the US is trying to prevent the world from cooperating with China, Russia and other major economies because they know that they are incapable of competing due to their decades-long crusade of neoliberalism. Another example is the fossil fuel industry stalling for time against the wave of the renewable energy era; or the automobile industry lobbying against efficient public transportation.

The point is that the major neoliberal powers don't want competition to exist; they just want rent-seeking sectors that can earn them a treasure trove of money as fast as possible.

[–] Life2Space@lemmygrad.ml 7 points 2 years ago* (last edited 2 years ago)

Rentier capitalism 😞

[–] Life2Space@lemmygrad.ml 12 points 2 years ago* (last edited 2 years ago) (2 children)

BRICS+, Expanded BRICS; and BRICSX, where X represents the number of member states, are all acceptable.

[–] Life2Space@lemmygrad.ml 18 points 2 years ago (1 children)

Interestingly enough, Xi Jinping's speech at the Closing Ceremony of the BRICS Business Forum 2023 makes a similar remark:

An ancient Chinese thinker observed that “following the underlying trend will lead one to success, while going against it can only cause one to fail.” We humankind have achieved notable economic development and social progress over the past decades, and that is because we have drawn lessons from the two world wars and the Cold War, followed the historical trend of economic globalization, and embarked on the right path of openness and development for win-win cooperation. Our world today has become a community with a shared future in which we all share a huge stake of survival. What people in various countries long for is definitely not a new Cold War or a small exclusive bloc; what they want is an open, inclusive, clean and beautiful world that enjoys enduring peace, universal security and common prosperity. Such is the logic of historical advance and the trend of our times.

[–] Life2Space@lemmygrad.ml 44 points 2 years ago (11 children)

Why would this event possibly result in a civil war?

[–] Life2Space@lemmygrad.ml 50 points 2 years ago (4 children)

If he really is dead, then I can't say that I'm surprised; not after the adventurist stunt that he pulled off just a little while ago.

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