Bailing out large corporations and heavy regulations are not laissez-faire capitalism. We haven't had laissez-faire capitalism for at least a quarter decade (I don't know enough about late 20th-century economics to hold an opinion there).
If the tech industry and the wider "disrupting" industries haven't been laissez-faire since the 90s then what on earth do you consider laissez-faire?
Governments around the world have let these industries do whatever they want with almost zero oversight and almost zero repercussions for anything. For decades. These companies and industries do whatever they want. Its only in the last few years that a couple of governments have finally started to push back a teeny tiny bit.
Industries cannot be "laissez-faire". Economies, or systems of governance, can be laissez-faire.
> Governments around the world have let these industries do whatever they want with almost zero oversight and almost zero repercussions for anything. For decades. These companies and industries do whatever they want. Its only in the last few years that a couple of governments have finally start push back a teeny tiny bit.
Are you claiming that the tech industry wasn't bound by intellectual property laws until recently?
it's laissez faire towards monopolies, let them be
but not laissez faire when a company is about to collapse, then the government rescues them. laissez faire would be less sympathetic. i.e. bank bailouts of 2008, automaker bailouts of 2020, current intel bailouts
thus not only is the government allowing monoplies/duopolies, but in fact pumping money into them to continue their survival
toofy|6 months ago
Governments around the world have let these industries do whatever they want with almost zero oversight and almost zero repercussions for anything. For decades. These companies and industries do whatever they want. Its only in the last few years that a couple of governments have finally started to push back a teeny tiny bit.
umbra07|6 months ago
> Governments around the world have let these industries do whatever they want with almost zero oversight and almost zero repercussions for anything. For decades. These companies and industries do whatever they want. Its only in the last few years that a couple of governments have finally start push back a teeny tiny bit.
Are you claiming that the tech industry wasn't bound by intellectual property laws until recently?
amy214|6 months ago
it's laissez faire towards monopolies, let them be
but not laissez faire when a company is about to collapse, then the government rescues them. laissez faire would be less sympathetic. i.e. bank bailouts of 2008, automaker bailouts of 2020, current intel bailouts
thus not only is the government allowing monoplies/duopolies, but in fact pumping money into them to continue their survival