If you want to understand why America is so broken, here's one peice of the puzzle from 1956: www.youtube.com/watch?v=Fd8D... Yes, it's a cartoon promoting capitalism made by petroleum companies likely afraid of being nationalized. - ThreadSky

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bitshammer.bsky.social • 74 days ago

If you want to understand why America is so broken, here's one peice of the puzzle from 1956: https://www.youtube.com/watch?v=Fd8Dnz72C1Q

Yes, it's a cartoon promoting capitalism made by petroleum companies likely afraid of being nationalized.

Comments

jamesmanto.bsky.social•74 days ago

Competition, the essential feature to keeping it healthy, is now lacking from the capitalist marketplace, thanks to Reagan dismantling anti-monopoly and anti-trust laws.

bitshammer.bsky.social•74 days ago

Capitalism without the heavy hand of regulation to keep it under control is a beast eating itself.

jamesmanto.bsky.social•74 days ago

Maybe that Marx fella was onto something.

bitshammer.bsky.social•74 days ago

Even if someone doesn't agree with his prescription to the failings of capitalism, he has such a definitive writing on how it works that it's a well read work among finance suits and inventors.

jamesmanto.bsky.social•74 days ago

IIRC even Adam Smith said monopolies were bad and should be guarded against

bitshammer.bsky.social•74 days ago

Yeah but they'd call him a communist these days.

nukeforthought.bsky.social•74 days ago

Commenting to find later

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