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  • kava@lemmy.world
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    5 days ago

    You know how China has a strong centralized government and cooperates with their big companies? Government says jump, Huawei says how high?

    We have a similar system. A strong centralized government that cooperates with the big companies. The primarily difference is that on the spectrum of

    Government power <-----------> corporate power

    The US leans more to the right.

    Really what’s interesting is both the US and China are slowly converging onto a point in the middle. Zizek said something like this some years back… authoritarian capitalism is unfortunately the most effective form of capitalism.

    • RunawayFixer@lemmy.world
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      5 days ago

      Authoritarian capitalism is not the most effective form of capitalism. It is the most effective for those that are already on top, but for the market as a whole (and especially for the society around that market), it’s going to be worse in the long run.

      Companies that are protected from competition by an authoritarian government will be able to extract higher profits in the short term, but their products and services will become worse in the long term, which not only harms their customers, but also the company’s chances of selling their products on actually competitive markets. The American car makers are a good example of this imo.

      Companies that are protected from having to pay fair wages and/or providing good working conditions, will be faced with labor shortages if the workers have alternatives, or with a depressed consumer market because the people have less money/time to spend on consuming things.

      • AnUnusualRelic@lemmy.world
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        5 days ago

        Authoritarian capitalism is not the most effective form of capitalism. It is the most effective for those that are already on top, but for the market as a whole (and especially for the society around that market), it’s going to be worse in the long run.

        Well, yeah, but screw those guys. They’re not the ones that are supposed to benefit from the system anyway.

        That’s by design.