That scandal was a big shitshow and vw got the short end of the stick. Everyone was doing it, VW being one of the largest, got caught. The problem with capitalism is that if one player cheats, it gets a monopoly if the others don’t. (see every US company ever. US capitalism is based on two principles:
1: print a bunch of money to buy the competition. If that fails ->2
2: cheat)
This mindset has sadly contaminated the rest of the world for obvious reasons.
So what you’re saying is, in spite of industry wide crimes, none of the CEO’s or senior leadership are in jail? Sounds like a capitalist dictatorship to me…
I like to distinguish between ideological, Friedmanite capitalism, which I call big C Capitalism and broader concepts such as trade, competition, new commercial ideas, which I call small c capitalism.
Big C Capitalism is more of an oligarch-promoted, authoritarian ideology with clear fascistsa tendencies (see Friedman’s statement that “free markets” take precedent over democratic governance).
Small c capitalism is more a quality of human civilization and its implementation reflects social and cultural developments.
Capitalism is private ownership of production. That is indefensible regardless of how much you try to seperate the worst elements of capitalism from its root.
Oh please, capitalism is not better in other countries. Commercial entities are shit regardless of their location.
Some countries actually hold them accountable and have reasonable privacy laws/laws about how you can use the user’s data.
Capitalism is capitalism. Some countries might do a better job of reining it in slightly, but it’s only a matter of time before they enshittify.
Look at the European car industry and the emissions scandal.
That scandal was a big shitshow and vw got the short end of the stick. Everyone was doing it, VW being one of the largest, got caught. The problem with capitalism is that if one player cheats, it gets a monopoly if the others don’t. (see every US company ever. US capitalism is based on two principles: 1: print a bunch of money to buy the competition. If that fails ->2 2: cheat) This mindset has sadly contaminated the rest of the world for obvious reasons.
So what you’re saying is, in spite of industry wide crimes, none of the CEO’s or senior leadership are in jail? Sounds like a capitalist dictatorship to me…
I like to distinguish between ideological, Friedmanite capitalism, which I call big C Capitalism and broader concepts such as trade, competition, new commercial ideas, which I call small c capitalism.
Big C Capitalism is more of an oligarch-promoted, authoritarian ideology with clear fascistsa tendencies (see Friedman’s statement that “free markets” take precedent over democratic governance).
Small c capitalism is more a quality of human civilization and its implementation reflects social and cultural developments.
Capitalism is private ownership of production. That is indefensible regardless of how much you try to seperate the worst elements of capitalism from its root.