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bit1993 | 13 days ago

> Indeed, investors left to their own devices act in this way.

Interesting. Capitalism is often touted to be more decentralized than socialism, but this is an example of how it can centralize.

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pixl97|13 days ago

Socialism is always talked out how it works out in practice, capitalism is talked about how it works out in theory

mapt|13 days ago

We don't even get that far in the US. It has been largely verboten in "nonpartisan" life, either socially or by dint of an active purge in eg academia and Hollywood, to discuss anything beneficial coming out of Soviet, Chinese, or Cuban administrations.

A partisan Republican will reliably interrupt you to shout nonsense, as if admitting a single positive outcome is trying to deceive them. As if a cost-benefit analysis can just be cut in half. As if these were not just authoritarian/totalitarian, but completely lacking domestic support.

This outcome was achieved with a great deal of money and propaganda over more than a century.