So I've been thinking, should businesses be allowed to buy out other businesses? I know that sounds a bit odd to question, especially as a free market advocate, but consider the goal of capitalism to be the creation and maintenance of perfectly competitive markets. Again, this is the goal of capitalism, not corporations, from a societal standpoint. As such, diversification of markets is essential, meaning consolidation directly moves the markets away from their goal competitiveness.
There is the thought process of considering corporations as states. See, if a corporation is able to determine their own terms of service and act independently, and then they can determine both the conduct of their employees and customers. If they grow large enough, they can buy out companies and force their terms onto those prior competitors. This also applies to companies in other markets. See, governments tend to get in the way when companies buy other companies within the same markets to the point where they can potentially become monopolies (though this is in theory and not really practices, when you look at markets like cell service where, in a basically 4 man show between AT&T, Verizon, T-Mobile, and Sprint, T-Mobile was able to merge with Sprint) so there is theoretically monopoly protection there; however, companies, as shown with Big Tech, can invest into virtually as many companies as they want that are considered "out of market" for them. In this way, they can extend their terms and conditions across multiple markets, and, with enough scale, can influence everyone within a country, or, potentially, the world. The companies terms become the law of their services, and there are no lawyers within that system. Unless they break local law, there is nothing you can do, and the contract is one sided, as the user gets no say in the creation, implementation, or updating of the terms of service. With enough scale, a corporation's influence can become a societal norm, and to not utilize any of their services, or to be banned from them, would effectively be a black mark on your "social credit".
Now, I am not saying we are at this point by any means. However, despite peoples frequent complaints about Facebook, I was often met with surprise and a bit of a weird look when I mentioned actually deleting mine to my friends. That "Oh, that's weird" or "Oh, you can do that?" type of response. Purely anecdotal, but I think it states to the influence that some companies have over culture. As these companies continue to grow outward, and avoid the claims of monopoly thanks to their maintenance of each other as "competitors", their influence can grow more and more rapidly. Alphabet themselves make enough money every day to buy up multiple start-ups that have the potential for growth in new markets.
Anyhow, I was just considering some thoughts on the topic of business influence, and businesses growing their power beyond their immediate product. I feel as though there needs to be a curb to prevent markets from losing their freedom. Especially in the wake of what happened to Parler, and the continued cultural alienation of right leaning groups, activists, and even laymen, I feel there is a consideration to free markets that may not have been so considered when establishing our philosophy on what makes a market free. The power of a single institution now can wield the financial and social influence of a small country, or even the social influence of a large one, if not more, and that can effectively remove the freedom from the markets themselves
Just thought I'd share this comment I was trying to comment on a Lotus Eaters video. Btw, ya'll should follow the Podcast of the Lotus Eaters if you aren't already. Great analysis and discussion
It's been a while since I've made a video, and this time with a locals exclusive. A cherry on top that I managed to fit within the size requirements. I like making shorter form content like this, considering my tendencies to ramble. Having content exclusive for my followers here is something I'll be working on doing more and more. I'll be creating more value here for my subscribers as well, with some subscriber exclusive content in the future. No timeline promises, cause I think we know how I get when I make a ton of promises (go hardcore for a week and then fall flat on my face unable to keep up with the sprint, lol).
Anyhow, let me know your thoughts and questions below. Have a great day everyone!
A direct upload! It turns out I recorded a video just short enough to meet the minimum upload offerings that locals offers to small communities like mine. That means you guys get this exclusively on locals!
I didn't sleep much last night, so I decided this was the perfect time to mull over my confused thoughts on how businesses are viewed from a legal perspective. Businesses are somewhat legal enigmas to me. Corporations are kinda treated as persons so that they can be double taxed, but have other protections, other types of businesses aren't treated the same way. They're able to consolidate power like governments, yet aren't subject to any form of limitations in regards to violating natural rights the same way the government is, despite being treated somewhat like persons they can still buy each other. It's just very odd to me from a principled, legal, and philosophical position.
Anyhow, my ramblings here are just that, ramblings. Still, I am curious what you all think of this topic. ...
The 2020 election is over, and the battle has just begun. What do I expect to come from the end of the election? Will the legal suits turn over anything for this election, or will they mean something for later down the line? I reflect on these questions and more in this discussion, and I also reflect on some final thoughts relevant to the Rise and Fall of Empire Series, that, thus far, being episodes 8 through 10 of the Construct Cast. Let me know your thoughts, and if you have any reflections of your own from this year's political cycle or other developments that you can't seem to get off your mind in the comments below.
In this episode of the Construct Cast, I discuss my analysis of Sir John Glubb's The Fate of Empires and Search for Survival, with an emphasis on my own consideration for what it would take to help an empire survive, or reboot. If immortality for an Empire is impossible, is rebirth impossible in the same way? Let me know your thoughts in the comments below.
Editor's Note: Returning to the podcast versions of the Construct Cast, I want to catch our content up to the videos we have had released over the past month. I apologize for this getting away from me for a bit. With the rise in content production, I had allowed this to get away from me. We will be returning to audio podcast uploads of the Construct Cast as per our original regular schedule, at 12PM EST on the day of the original upload, going forward.
In this second Crossover podcast, we are once again recording with Kevin @Eng_Politics. His channel is a bastion of political thought and analysis from the perspective of a conservative engineer. Interested in diving deeper into my concept of Progressive Traditionalism and combating the concept with his own beliefs of what it means to be Conservative, we decided to put our definitions and beliefs to task in this crossover episode!
Be sure to check out Kevin's locals community here:
And if you're more interested in the video version, here is a direct link:
As someone who works with daily reporting to the Fed, big companies dealing with regulation are basically a clusterfuck and the requirements basically leave the companies in a position where they can never really update their systems because they need their systems literally every day. They can make new systems, potentially, but updating the regular system is more of a liability since missing a single day can screw the company up. At the same time, it seems like the big companies, at least the one I'm in, are mostly carried forward by the inertia of their own weight. I am fully convinced there will be another massive financial crisis if other major banks are like mine, just cause there really isn't anything that can be done if something is messed up. It's like fake it til you make it, only in reverse. Once something goes wrong, the requirements for constant regular action leaves no time to go back to correct the damage. All you can do is mitigate. Like debt gaining interest, eventually ...
Does anyone have any advice for the work, life, content creator balance? I just genuinely have not had the spirit in me to be able to create the content I want to be able to create these past few months as I am just feeling totally worn out day in and out. I'd like to get back into the philosophic deep dives and contemplations you followed me for, yet that's feeling like a lifetime ago now and every day feels like a step away from where and what I'm supposed to be doing
My locals app is finally working again. Been sick lately. Started considering the differences between corruption and evil. I decided to look at it from a moral framework and came up with a new perspective on how to define the 2 from a moral standpoint. A corrupt person will defy their morals to achieve their goals, whereas an evil person will determine their morals based on whatever ends satisfy or help to achieve their goals. In this way, you can see that a corrupt person may acknowledge when they are doing something morally wrong and feel guilt over it, whereas an evil person will determine that all who oppose them are the true evil threat and could even assess their own will as being justice.
Just a little thought that's been running through my mind lately. And it's interesting because it really makes you wonder which is worse? One who will defy morals or one who will redefine them? Perhaps they both have the same end result, but do they both have the ability to find redemption? I ...
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