1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Is Capitalism failing us?

Discussion in 'Issues Around the World' started by Techie2000, Jan 14, 2003.

  1. Techie2000

    Techie2000 The crowd would sing:

    The biggest and most important thing in capitalism is competition. Howeve everyday competition seems to be disappearing. Wal Mart is going full speed ahead. It's competitors seem to be disappearing or failing (K-Mart, Caldors). When we want an Operating System for our computer we either get a PC or a Macintosh. Most people get the PC because Macs don't have as much support from software and hardware companies. Most won't even consider Linux for the same reasons. The broadband industry. DirecTV DSL is gone. @home has been gone for a while. Smaller ISPs are getting eaten by the PacMan like big guys. The airline industry has been having problems ever since Sept 11th. Talk radio is almost completely dominated by a single company. AOL Time Warner, well just go to their corporate webpage, click on the list of stuff they own, and they speak for themselves. Our TV and newspapers are owned by the same companies.

    However I also feel that this is a time bomb that is just waiting to go off. You know the saying the bigger they are the harder they fall? Enron? Gone. MCI Worldcom? Bankrupt. AOL Time Warner recently gave Chairman Steve Case the golden handshake. Although the government might be trying to prevent all this from happening due to the way it could destabilize our economy, I'm wondering if this is simply our economy "resetting" itself. The big companies will fall and what will happen? We will get lots of little companies to fill the gaps left by them. You could argue that this might be a natural cycle.

    But what about the companies that continue to survive? What if we end up having to buy everything from WalMart?
  2. jamming

    jamming Banned

    This is what is called a Market Dynamic, Techie. The market is changing and the big guy are rushing in with their old money to buy up the new. Innovation comes from the little guy getting upset at the big guys stupidity in recognizing innovation. Every thing grows in spurts as the economy has to not completely change overnight, this is the natural order of things. Economy of mass, however when a company cannot become WalMart they need to establish a nitch market. Providing particular pieces of the market which is either too diversified, flexible, or too small for economy in scale to work. There use to be Mom and Pop Neighborhood Grocery Stores throughout the US, Supermarkets came in and they could no longer compete, then the onset of the Convienence Stores, started to handle the part of the market that the Mom and Pop didn't have replaced by the Supermarkets. The economy redesigns itself by moving one way or another, depending upon where the momentum is being applied. It is not the death of capitalism it is the life of it. The reason people don't like it is that it is unrelentingly awards survival to those that deserve it in the marketplace. However, that market force doesn't care if you are of whatever race, whatever economic background, if you harness the force ahead of the curve for the great demand you will become rich if you maintain the control over the market, this is what Gates did with licensing MSDOS to IBM. It could of been anyone who had the wisdom and luck to make that decision.

Share This Page