Wait, so your pitch in favor of a debt-fueled market economy is that advertising is awesome and that we wouldn't want to "lose" being smothered in ads all the time?
Cause... sign me up for the non-financialized, non-mass-media-advertising-driven economy please and thank you. I'd even be ok with just nuking billboards and mass-media forms of ads and still allowing more direct forms of marketing, if we must compromise! Likely we could find some compromises around just how much of the debt world we regulate too (this should be obvious?).
(I thought the disconnect between the efficiency of competition and the market as realized in modern economies was pretty well understood and taken for granted, but I guess we all find ways to justify the system we're profiting from... even if that means we have to claim we love the ad breaks)
The point is that if add random caveats to what counts as free market, it won't be "free market", only "market I like".
Second, marketing can take you only so far compared to the subsidies possible with financialisation.
The West is in a state of psychosis with Debt and Monopolies under the illusion of free market.
The Chinese markets are more free than West, you can just look at the Auto and AI industry.
While these are hardly shy claims, I don't see anything in them to say "only the West does irresponsible loans"?
> The West is in a state of psychosis with Debt and Monopolies under the illusion of free market.
> The Chinese markets are more free than West, you can just look at the Auto and AI industry.
or the prior post
>Usury and debt based economy creates a dynamic where being competitive in production is secondary to financialistion.
> In short, instead of market being driven by demand and productivity, it is driven by financier curving out monopolies.
> Peak Examples are Uber and AirBnB.
You can throw a rock these days and find a category where the products coming out of China are miles ahead of those coming out of the rest of the world, from a bunch of companies nobody had heard of a few years earlier. And the list is growing pretty steadily.
I would assume plenty of shortsighted decisions are also being made. But I would have a hard time characterizing the state of competition in the west as healthier or more productive when looking at the number of players and the quality of goods being produced in China.
https://en.wikipedia.org/wiki/List_of_automobile_manufacture...
vs
https://en.wikipedia.org/wiki/List_of_automobile_manufacture...
Financier want monopoly so use usury for Consolidation. Monopoly bad because no free market. Free market good. consumer happy. citizen free.
It’s even more speculative and detached from productive behaviors.
It is good and proper that people aim to create monopolies, as long as they want to do that in a productive and legal way! Monopolies are inherently dangerous, but the truth is that acquiring and maintaining one is not straightforward unless you can get the government to ban your competitors.